Suchergebnisse

Abstract
The 15 years following the 2008–2009 global financial crisis witnessed increasing questioning in the global North of the distribution of the gains and costs of an open world economy and the multilateral rules-based trade order. Difficulties in (re-)negotiating trade agreements in the World Trade Organization led states to shift even more of their focus to reciprocal and bilateral trade agreements as these internalize benefits among partners by continuing to maintain trade barriers against non-signatories (mostly emerging economies). There is a vigorous debate across academic disciplines whether such agreements help to increase participation in global value chains (GVCs) by signatory nations and the magnitude and incidence of the associated economic, social and environmental impacts – positive or negative. These are questions calling for rigorous empirical research that assesses impacts against appropriate baselines and counterfactuals and investment in data collection, monitoring and evaluation by participating governments. Mischaracterizing both the extent to which trade agreements constrain the ability of states to regulate and reports published by international organizations on GVCs and trade agreements detracts from where the focus arguably should be: providing compelling empirical evidence that GVCs and trade agreements detrimentally affect social reproduction and specific suggestions on how the design of trade agreements should be changed to improve outcomes.

In 2016, the Government of India proposed negotiations on an agreement to facilitate trade in services to complement the 2013 World Trade Organization Trade Facilitation Agreement in goods. The proposal did not find much support, but plurilateral talks launched in 2017 on various policy areas encompass areas that are very relevant from a services trade facilitation perspective. This paper argues that participating in the current plurilateral talks can do much to achieve services trade facilitation objectives by identifying good regulatory practices. Although elements relevant to services trade facilitation are on the table in the World Trade Organization, there are important gaps. Identifying priorities for complementary international cooperation to facilitate trade in services on a plurilateral basis requires initiatives that bring together governments, services industry associations, and sectoral regulators.

AbstractAs tariffs have fallen, subsidies and related policies with similar effect are being used to support local production. This raises the question of whether the existing World Trade Organization (WTO) 'rules of the game' are adequate. Assessing the economic effects of subsidies is complicated, given the need to consider linkages within and across supply‐chain networks. Many of the policies that affect supply‐chain operations are not considered subsidies under the WTO. There are no rules on subsidies for services or investment incentives by local governments. Conversely, some WTO rules may not be appropriate or effective given the increasing prevalence of global value chains. The widespread use of subsidies post‐2008 suggests WTO members should launch a process of deliberation to revisit the status quo set of multilateral rules on subsidies. The 2015 Nairobi WTO ministerial declaration has created the necessary window to permit interested countries to do so. A central element of this should involve a concerted effort to collect better data and to analyze how subsidies and policies with equivalent effect impact on value chains, whether negative international spillovers are created and, if so, their magnitude and incidence.