WTO REFORM: BACKGROUND, CONDITIONS AND PROSPECTS

Maximizing the benefits of international division of labor and sharing the achievements of innovative development is possible only with the existence of a strict system of rules and regulations. Such system would enable fair regulation of international trade, ensure the transparency of market access...

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Autor principal: T. M. Isachenko
Formato: article
Lenguaje:EN
RU
Publicado: MGIMO University Press 2016
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Acceso en línea:https://doaj.org/article/248fc8a6b31843f4966fd229edaa8ae4
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spelling oai:doaj.org-article:248fc8a6b31843f4966fd229edaa8ae42021-11-23T14:51:01ZWTO REFORM: BACKGROUND, CONDITIONS AND PROSPECTS2071-81602541-909910.24833/2071-8160-2016-3-48-239-248https://doaj.org/article/248fc8a6b31843f4966fd229edaa8ae42016-06-01T00:00:00Zhttps://www.vestnik.mgimo.ru/jour/article/view/554https://doaj.org/toc/2071-8160https://doaj.org/toc/2541-9099Maximizing the benefits of international division of labor and sharing the achievements of innovative development is possible only with the existence of a strict system of rules and regulations. Such system would enable fair regulation of international trade, ensure the transparency of market access and make it possible to challenge discriminatory measures, as well as to maintain certain measures to protect the interests of domestic producers. The creation of the multilateral trading system has started with the General Agreement on Tariffs and Trade (GATT) and was subsequently developed in the documents and codes, the decisions of the negotiating rounds. Since 1995, a set of rules of the World Trade Organization (WTO) became the basis of the multilateral trading system. All rules are worked out at the multilateral level. However, in recent years the negotiations within the WTO has slowed down, that affected the quality and speed of decision-making on key issues of global development. That provokes the discussion it on a certain crisis of the WTO as the main regulator of world trade, and therefore the need to provide both institutional and substantive reforms.T. M. IsachenkoMGIMO University Pressarticleglobal tradeglobal production chainsthe multilateral trading systemtrade policyworld trade organizationinternational institutionsregional trade agreementsministerial conferencesdispute settlement mechanismInternational relationsJZ2-6530ENRUVestnik MGIMO-Universiteta, Vol 0, Iss 3(48), Pp 239-248 (2016)
institution DOAJ
collection DOAJ
language EN
RU
topic global trade
global production chains
the multilateral trading system
trade policy
world trade organization
international institutions
regional trade agreements
ministerial conferences
dispute settlement mechanism
International relations
JZ2-6530
spellingShingle global trade
global production chains
the multilateral trading system
trade policy
world trade organization
international institutions
regional trade agreements
ministerial conferences
dispute settlement mechanism
International relations
JZ2-6530
T. M. Isachenko
WTO REFORM: BACKGROUND, CONDITIONS AND PROSPECTS
description Maximizing the benefits of international division of labor and sharing the achievements of innovative development is possible only with the existence of a strict system of rules and regulations. Such system would enable fair regulation of international trade, ensure the transparency of market access and make it possible to challenge discriminatory measures, as well as to maintain certain measures to protect the interests of domestic producers. The creation of the multilateral trading system has started with the General Agreement on Tariffs and Trade (GATT) and was subsequently developed in the documents and codes, the decisions of the negotiating rounds. Since 1995, a set of rules of the World Trade Organization (WTO) became the basis of the multilateral trading system. All rules are worked out at the multilateral level. However, in recent years the negotiations within the WTO has slowed down, that affected the quality and speed of decision-making on key issues of global development. That provokes the discussion it on a certain crisis of the WTO as the main regulator of world trade, and therefore the need to provide both institutional and substantive reforms.
format article
author T. M. Isachenko
author_facet T. M. Isachenko
author_sort T. M. Isachenko
title WTO REFORM: BACKGROUND, CONDITIONS AND PROSPECTS
title_short WTO REFORM: BACKGROUND, CONDITIONS AND PROSPECTS
title_full WTO REFORM: BACKGROUND, CONDITIONS AND PROSPECTS
title_fullStr WTO REFORM: BACKGROUND, CONDITIONS AND PROSPECTS
title_full_unstemmed WTO REFORM: BACKGROUND, CONDITIONS AND PROSPECTS
title_sort wto reform: background, conditions and prospects
publisher MGIMO University Press
publishDate 2016
url https://doaj.org/article/248fc8a6b31843f4966fd229edaa8ae4
work_keys_str_mv AT tmisachenko wtoreformbackgroundconditionsandprospects
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