Hardback
The Elgar Companion to the World Trade Organization
This comprehensive Companion provides an extensive guide to understanding the World Trade Organization (WTO) and its impact on the global economy. Addressing the challenges facing the WTO amidst a rapidly evolving landscape, the book delves into the diverse trade policies of countries and regions, providing rare insights into their impact on the global trade governance frameworks.
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Critical Acclaim
Contributors
Contents
More Information
This comprehensive Companion provides an extensive guide to understanding the World Trade Organization (WTO) and its impact on the global economy. Addressing the challenges facing the WTO amidst a rapidly evolving landscape, the book delves into the diverse trade policies of countries and regions, providing rare insights into their impact on the global trade governance frameworks.
Featuring insightful contributions from interdisciplinary experts, this essential Companion will aid readers in comprehending the WTO’s functions and its significance in international trade and broader economic policies. Chapters explore the influence of regional trade agreements on countries’ trade agendas, the WTO’s critical role in fostering free and fair trade, and the shifting dynamics of global economic governance. The book further highlights the importance of dispute resolution, regional integration, and coalitions for effective trade policy making.
Highlighting the need for increased transparency, flexibility, and adaptability to ensure the WTO’s continued relevance in global economic governance, this Companion will be indispensable for scholars and students of institutional economics, international relations, law and politics, and regulation and governance. It will also be beneficial for trade lawyers, experts, and professionals who work in international trade and commerce, as well as NGOs and civil society organizations.
Featuring insightful contributions from interdisciplinary experts, this essential Companion will aid readers in comprehending the WTO’s functions and its significance in international trade and broader economic policies. Chapters explore the influence of regional trade agreements on countries’ trade agendas, the WTO’s critical role in fostering free and fair trade, and the shifting dynamics of global economic governance. The book further highlights the importance of dispute resolution, regional integration, and coalitions for effective trade policy making.
Highlighting the need for increased transparency, flexibility, and adaptability to ensure the WTO’s continued relevance in global economic governance, this Companion will be indispensable for scholars and students of institutional economics, international relations, law and politics, and regulation and governance. It will also be beneficial for trade lawyers, experts, and professionals who work in international trade and commerce, as well as NGOs and civil society organizations.
Critical Acclaim
‘An exciting book pioneering the next generation of world trade laws! Leading studies in international economic laws assemble, diagnosing the WTO, confronting its prospective challenges, and forward-looking its future development. The comprehensive and encompassing perspectives in this book will surely impress the readers!’
– Yueh-Ping (Alex) Yang, National Taiwan University, Taiwan
‘The breadth and depth of this collection illustrate the manifold challenges confronting the World Trade Organization as it navigates increasingly turbulent geo-economic waters into the depths of the twenty-first century. Organized into four sections covering digitalization, facilitation, pacification through dispute settlement, and country as well as regional perspectives on a host of systemic matters such as sustainability and inclusion, it is a ready reference for those seeking navigational guidance to where the system is headed. Congratulations to Julien Chaisse and Cristián Rodríguez-Chiffelle for their vision and dedication to marshalling this interesting assemblage of eminent scholars and authors.’
– Peter Draper, University of Adelaide, Australia
‘This is a fabulous book examining a wide range of current issues in international economic law pertaining to the World Trade Organization. Sector by sector and issue by issue, it explains the past, the present and the future of global economic governance. Combined together, the fifty chapters of the book help us understand the nature of the core problems that the global community is facing, and contemplate a future course of action. This is a book both academics and practitioners in the field must read to keep abreast of current development.’
– Jaemin Lee, Seoul National University, Seoul, South Korea
‘This Companion is a superb, innovative contribution to our knowledge and practice of international trade. It dives into four key challenges: digitalization, trade facilitation, pacification, and regional and national perspectives. Here, at last, is real thinking outside the box! It is essential reading for everyone interested in the future of international trade and the role of the WTO.’
– Francis Snyder, Peking University, China
‘At a time when geopolitical tensions are reshaping global trade, this volume reminds us of why the WTO still matters and why revamping it will prove difficult. The editors of this Companion have assembled an impressive collection of renowned scholars and policymakers to offer detailed explanations and thought-provoking ideas. Anyone interested in contemplating how the WTO might deal with digitization, climate change, and other emergent challenges will benefit from turning to this Companion as a key reference.’
– Mark Wu, Harvard University, US
‘The Elgar Companion to the World Trade Organization, edited by Julien Chaisse and Cristián Rodríguez-Chiffelle, brilliantly dissects the multifaceted and evolving role of the WTO in a rapidly changing economic and geopolitical landscape. Its contributions to digitalisation, sustainability, and new trade politics offer incisive insights and fresh perspectives. This book is a must-read for the next generation of WTO scholars shaping the future of trade policy.’
– Arancha González, Dean, Paris School of International Affairs, Sciences Po, France, and former Minister of Foreign Affairs of Spain
‘This innovative Companion offers convincing analyses on the law, economics, and politics of WTO law and on the challenges posed to the international trade regime originating in major trends such as digitilization, facilitation, pacification and regional perspectives.’
– Armin Steinbach, HEC Paris, France
‘The Elgar Companion to the World Trade Organization by Julien Chaisse and Cristián Rodríguez-Chiffelle is a work of encyclopaedic breadth which will offer both scholars and practitioners valuable assistance in obtaining an overview of the rapidly-transforming multilateral trade regime at critical times. A must to read.’
– Alberto Alemanno, HEC Paris, France
– Yueh-Ping (Alex) Yang, National Taiwan University, Taiwan
‘The breadth and depth of this collection illustrate the manifold challenges confronting the World Trade Organization as it navigates increasingly turbulent geo-economic waters into the depths of the twenty-first century. Organized into four sections covering digitalization, facilitation, pacification through dispute settlement, and country as well as regional perspectives on a host of systemic matters such as sustainability and inclusion, it is a ready reference for those seeking navigational guidance to where the system is headed. Congratulations to Julien Chaisse and Cristián Rodríguez-Chiffelle for their vision and dedication to marshalling this interesting assemblage of eminent scholars and authors.’
– Peter Draper, University of Adelaide, Australia
‘This is a fabulous book examining a wide range of current issues in international economic law pertaining to the World Trade Organization. Sector by sector and issue by issue, it explains the past, the present and the future of global economic governance. Combined together, the fifty chapters of the book help us understand the nature of the core problems that the global community is facing, and contemplate a future course of action. This is a book both academics and practitioners in the field must read to keep abreast of current development.’
– Jaemin Lee, Seoul National University, Seoul, South Korea
‘This Companion is a superb, innovative contribution to our knowledge and practice of international trade. It dives into four key challenges: digitalization, trade facilitation, pacification, and regional and national perspectives. Here, at last, is real thinking outside the box! It is essential reading for everyone interested in the future of international trade and the role of the WTO.’
– Francis Snyder, Peking University, China
‘At a time when geopolitical tensions are reshaping global trade, this volume reminds us of why the WTO still matters and why revamping it will prove difficult. The editors of this Companion have assembled an impressive collection of renowned scholars and policymakers to offer detailed explanations and thought-provoking ideas. Anyone interested in contemplating how the WTO might deal with digitization, climate change, and other emergent challenges will benefit from turning to this Companion as a key reference.’
– Mark Wu, Harvard University, US
‘The Elgar Companion to the World Trade Organization, edited by Julien Chaisse and Cristián Rodríguez-Chiffelle, brilliantly dissects the multifaceted and evolving role of the WTO in a rapidly changing economic and geopolitical landscape. Its contributions to digitalisation, sustainability, and new trade politics offer incisive insights and fresh perspectives. This book is a must-read for the next generation of WTO scholars shaping the future of trade policy.’
– Arancha González, Dean, Paris School of International Affairs, Sciences Po, France, and former Minister of Foreign Affairs of Spain
‘This innovative Companion offers convincing analyses on the law, economics, and politics of WTO law and on the challenges posed to the international trade regime originating in major trends such as digitilization, facilitation, pacification and regional perspectives.’
– Armin Steinbach, HEC Paris, France
‘The Elgar Companion to the World Trade Organization by Julien Chaisse and Cristián Rodríguez-Chiffelle is a work of encyclopaedic breadth which will offer both scholars and practitioners valuable assistance in obtaining an overview of the rapidly-transforming multilateral trade regime at critical times. A must to read.’
– Alberto Alemanno, HEC Paris, France
Contributors
Contributors: Usman Ahmed, Roberto Azevêdo, Elena I. Athwal, Sofía Baliño, Kwabena Bandoh, Nathalie Bernasconi-osterwalder, Jennifer Blanke, Kimberley Botwright, Nicholas Bramble, Miguel Braun, Julien Chaisse, Michelle Chandra Kasih, Debashis Chakraborty, Jaime Coghi, David Collins, Anoush der Boghossian, Georgios Dimitropoulos, Hubert Escaith, Muhammad Faliq Abdul Razak, Mark Feldman, Christian Freudlsperger, Danny Friedmann, Pablo M. García, Daniel Gay, Anabel Gonzalez, Jedrzej Gorski, Pierre Habbard, Pasha l. Hsieh, Jie (Jeanne) Huang, Philippe Isler, Marion Jansen, Markus Jelitto, Anna Joubin-Bret, Sufian Jusoh, Sungjin Kang, Jodie Keane, Tomohiko Kobayashi, Alexander Kunzelmann, Simon B.C. Lacey, Robert Z. Lawrence, Soledad Leal Campos, Elli Louka, Peter Lovelock, Petros C. Mavroidis, Joshua P. Meltzer, Sophie Meunier, Daiana Fernández Molero, Martin Molinuevo, Irma Johanna Mosquera Valderrama, Intan Murnira Ramli, Joy W. Ndubai, Rostam J. Neuwirth, Damilola S. Olawuyi, Jeffrey Owens, Asmita Parshotam, Eduardo Pedrosa, Shin-yi Peng, Rodrigo Polanco, Tatiana Prazeres, Ilia Rachkov, Elizaveta Rachkov, Cristián Rodríguez-Chiffelle, Shunko Rojas, Edo Setyadi, Stephen E. Shay, Joel Slawotsky, Mariam Soumaré, Ronald Steenblik, Martin Steinfeld, Jeremy Stewart, Aditi Sara Verghese, David Weller, Candice White, Gregory Whitten, lan W.M. Wolff
Contents
Contents:
Foreword: new thinking for renewed global trade cooperation xxxiii
Anabel González
Foreword: building a new engine for the multilateral trading system xxxvi
Marion Jansen
1 WTO’s legacy, roadblocks, and future in global economic regulation: an introduction 1
Julien Chaisse and Cristián Rodríguez-Chiffelle
PART I DIGITALIZATION
2 Seizing artificial intelligence’s trade promise: the role of international agreements 22
David Weller and Nicholas Bramble
3 Cybersecurity and trade governance 35
Shin-yi Peng
4 The liberalization of digital trade by the WTO: opportunities and challenges for SMEs 51
by David Collins
5 Electronic payments and the WTO 69
Usman Ahmed and Martín Molinuevo
6 Trade digitalization and taxation 90
Irma Johanna Mosquera Valderrama
7 Digital transformation of public procurement: WTO’s historical and ongoing role 108
Jędrzej Górski
8 Trade and competition policy 151
Aditi Sara Verghese
9 WTO and intellectual property law in the creative economy 169
Rostam J. Neuwirth
10 Digitalization of special economic zones in China 186
Jie (Jeanne) Huang
11 Trade digitalisation in the APEC region 207
Peter Lovelock and Eduardo Pedrosa
12 Balancing commitments to cross-border data flows with domestic regulation 223
Joshua P. Meltzer
13 International trade rule-making for the digital economy 243
Simon B. C. Lacey
14 The legal infrastructure for the digital transformation: the UNCITRAL framework 257
Anna Joubin-Bret and Alexander Kunzelmann
PART II FACILITATION AND ESG
15 Public-private partnerships for trade facilitation 271
Philippe Isler
16 The WTO approach to trade facilitation in goods and services 287
Tomohiko Kobayashi
17 Investment facilitation at the WTO: What’s old? What’s new? What’s missing? 301
Rodrigo Polanco and Cristián Rodríguez-Chiffelle
18 Forging the trade-development nexus in the WTO and FTAs 325
Pasha L. Hsieh
19 Trade and development for a more inclusive and sustainable future 341
Jennifer Blanke and Asmita Parshotam
20 Services domestic regulation in the WTO 361
Jaime Coghi and Markus Jelitto
21 Revitalizing TRIPs as global norm-setter for geographical indications 377
Danny Friedmann
22 The new politics of trade: trade in value added and the made in the world initiative 397
Hubert Escaith
23 Gender social norms: new trade barriers addressed by policy 416
Anoush der Boghossian
24 Trade and environment 435
Nathalie Bernasconi-Osterwalder, Soledad Leal Campos and Sofia Baliño
25 Trade and climate change 457
Kimberley Botwright and Jeremy Stewart
26 Energy in WTO law and policy 477
Damilola S. Olawuyi and Elena I. Athwal
27 From social clause to policy space: the trade union narrative on the WTO 493
Pierre Habbard
PART III PACIFICATION
28 Evaluating the interaction between and compatibility of the global anti-base erosion proposal with international trade rules 506
Jeffrey Owens and Joy W. Ndubai
29 Trade enforcement tools and international taxation: a digital services tax case study 535
Stephen E. Shay
30 Addressing environmentally harmful subsidies using trade rules: a historical perspective 551
Ronald Steenblik
31 How do political relations affect international trade? 574
Gregory Whitten
32 The new dimension of human rights in U.S. trade policy 599
Joel Slawotsky
33 The WTO new national security challenge 619
Georgios Dimitropoulos
34 Nearshoring and regional value chains: are they the new normal? 638
Miguel Braun, Pablo M. García and Daiana Fernández Molero
35 A free trade area of the Asia-Pacific for the Asian century 660
Mark Feldman
36 New rules for a challenged trading system: the role of safeguards 676
Robert Z. Lawrence
37 The future of dispute resolution and arbitration at WTO 691
Petros C. Mavroidis
38 Trade sanctions as a tool of war and peace: examining the EU’s sanctions regime in the light of Russia’s invasion of Ukraine 707
Martin Steinfeld
39 Trade for peace: the past, present, and future 730
Alan Wm. Wolff
PART IV COUNTRY AND REGIONAL PERSPECTIVES
40 The EU and the WTO 748
Christian Freudlsperger and Sophie Meunier
41 The United States and the WTO: muddling through a trade war 760
Elli Louka
42 China and the WTO: what happens after a honeymoon 772
Sungjin Kang
43 India at the WTO: torn between multilateralism and domestic Interests? 782
Debashis Chakraborty
44 Brazil in the WTO 795
Roberto Azevêdo and Tatiana Prazeres
45 Russia and the WTO: a time to throw stones or to gather stones? 805
Ilia Rachkov and Elizaveta Rachkova
46 Africa and WTO: maximizing the benefits of trade multilaterally and regionally 824
Mariam Soumaré and Kwabena Bandoh
47 WTO, quo vadis? A Latin American perspective 847
Shunko Rojas and Cristián Rodríguez-Chiffelle
48 Southeast Asia and the World Trade Organization 856
Intan Murnira Ramli, Edo Setyadi and Michelle Chandra Kasih
49 WTO law and policy in the Pacific Island nations: the case of Fiji 867
Muhammad Faliq Abdul Razak and Sufian Jusoh
50 Least developed countries and the World Trade Organization: supporting graduation and reducing marginalisation in global trade 877
Daniel Gay and Jodie Keane
Index 887
Foreword: new thinking for renewed global trade cooperation xxxiii
Anabel González
Foreword: building a new engine for the multilateral trading system xxxvi
Marion Jansen
1 WTO’s legacy, roadblocks, and future in global economic regulation: an introduction 1
Julien Chaisse and Cristián Rodríguez-Chiffelle
PART I DIGITALIZATION
2 Seizing artificial intelligence’s trade promise: the role of international agreements 22
David Weller and Nicholas Bramble
3 Cybersecurity and trade governance 35
Shin-yi Peng
4 The liberalization of digital trade by the WTO: opportunities and challenges for SMEs 51
by David Collins
5 Electronic payments and the WTO 69
Usman Ahmed and Martín Molinuevo
6 Trade digitalization and taxation 90
Irma Johanna Mosquera Valderrama
7 Digital transformation of public procurement: WTO’s historical and ongoing role 108
Jędrzej Górski
8 Trade and competition policy 151
Aditi Sara Verghese
9 WTO and intellectual property law in the creative economy 169
Rostam J. Neuwirth
10 Digitalization of special economic zones in China 186
Jie (Jeanne) Huang
11 Trade digitalisation in the APEC region 207
Peter Lovelock and Eduardo Pedrosa
12 Balancing commitments to cross-border data flows with domestic regulation 223
Joshua P. Meltzer
13 International trade rule-making for the digital economy 243
Simon B. C. Lacey
14 The legal infrastructure for the digital transformation: the UNCITRAL framework 257
Anna Joubin-Bret and Alexander Kunzelmann
PART II FACILITATION AND ESG
15 Public-private partnerships for trade facilitation 271
Philippe Isler
16 The WTO approach to trade facilitation in goods and services 287
Tomohiko Kobayashi
17 Investment facilitation at the WTO: What’s old? What’s new? What’s missing? 301
Rodrigo Polanco and Cristián Rodríguez-Chiffelle
18 Forging the trade-development nexus in the WTO and FTAs 325
Pasha L. Hsieh
19 Trade and development for a more inclusive and sustainable future 341
Jennifer Blanke and Asmita Parshotam
20 Services domestic regulation in the WTO 361
Jaime Coghi and Markus Jelitto
21 Revitalizing TRIPs as global norm-setter for geographical indications 377
Danny Friedmann
22 The new politics of trade: trade in value added and the made in the world initiative 397
Hubert Escaith
23 Gender social norms: new trade barriers addressed by policy 416
Anoush der Boghossian
24 Trade and environment 435
Nathalie Bernasconi-Osterwalder, Soledad Leal Campos and Sofia Baliño
25 Trade and climate change 457
Kimberley Botwright and Jeremy Stewart
26 Energy in WTO law and policy 477
Damilola S. Olawuyi and Elena I. Athwal
27 From social clause to policy space: the trade union narrative on the WTO 493
Pierre Habbard
PART III PACIFICATION
28 Evaluating the interaction between and compatibility of the global anti-base erosion proposal with international trade rules 506
Jeffrey Owens and Joy W. Ndubai
29 Trade enforcement tools and international taxation: a digital services tax case study 535
Stephen E. Shay
30 Addressing environmentally harmful subsidies using trade rules: a historical perspective 551
Ronald Steenblik
31 How do political relations affect international trade? 574
Gregory Whitten
32 The new dimension of human rights in U.S. trade policy 599
Joel Slawotsky
33 The WTO new national security challenge 619
Georgios Dimitropoulos
34 Nearshoring and regional value chains: are they the new normal? 638
Miguel Braun, Pablo M. García and Daiana Fernández Molero
35 A free trade area of the Asia-Pacific for the Asian century 660
Mark Feldman
36 New rules for a challenged trading system: the role of safeguards 676
Robert Z. Lawrence
37 The future of dispute resolution and arbitration at WTO 691
Petros C. Mavroidis
38 Trade sanctions as a tool of war and peace: examining the EU’s sanctions regime in the light of Russia’s invasion of Ukraine 707
Martin Steinfeld
39 Trade for peace: the past, present, and future 730
Alan Wm. Wolff
PART IV COUNTRY AND REGIONAL PERSPECTIVES
40 The EU and the WTO 748
Christian Freudlsperger and Sophie Meunier
41 The United States and the WTO: muddling through a trade war 760
Elli Louka
42 China and the WTO: what happens after a honeymoon 772
Sungjin Kang
43 India at the WTO: torn between multilateralism and domestic Interests? 782
Debashis Chakraborty
44 Brazil in the WTO 795
Roberto Azevêdo and Tatiana Prazeres
45 Russia and the WTO: a time to throw stones or to gather stones? 805
Ilia Rachkov and Elizaveta Rachkova
46 Africa and WTO: maximizing the benefits of trade multilaterally and regionally 824
Mariam Soumaré and Kwabena Bandoh
47 WTO, quo vadis? A Latin American perspective 847
Shunko Rojas and Cristián Rodríguez-Chiffelle
48 Southeast Asia and the World Trade Organization 856
Intan Murnira Ramli, Edo Setyadi and Michelle Chandra Kasih
49 WTO law and policy in the Pacific Island nations: the case of Fiji 867
Muhammad Faliq Abdul Razak and Sufian Jusoh
50 Least developed countries and the World Trade Organization: supporting graduation and reducing marginalisation in global trade 877
Daniel Gay and Jodie Keane
Index 887
