The Scope for Asymmetry in the World Trade Organisation (WTO)

Woolcock, Stephen, "The Scope for Asymmetry in the World Trade Organisation (WTO)" in Asymmetric Trade Negotiations ed. Sanoussi, Bilal and De Lombaerde, Philippe (Farnham: Ashgate, 2011), n/a-n/a.

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  • Author Woolcock, Stephen
    Book Editor Sanoussi, Bilal
    De Lombaerde, Philippe
    Chapter Title The Scope for Asymmetry in the World Trade Organisation (WTO)
    Book Title Asymmetric Trade Negotiations
    Publication Date 2011
    Place of Publication Farnham
    Publisher Ashgate
    Start page n/a
    End page n/a
    Language eng
    Abstract This chapter is about the scope for asymmetric provisions in North-South free trade agreements under WTO. It looks in particular at the provisions governing the exception from the most favoured nation obligations of Article I of the General Agreement on Tariffs and Trade (GATT) under Article XXIV. Asymmetric provisions favouring developing countries and especially least developed countries can provide the flexibility these countries need to pursue trade policies suited to their level of development. The general theme of this volume is however, asymmetry in general, including asymmetry in the ability of WTO member states to shape outcomes. Provisions in the WTO and power relationships between WTO members are of course related. Developing countries have had much less ability to shape outcomes and thus the WTO rules. This is likely to remain the case, especially for the least developed countries. This is the case even though the WTO, unlike other international organisations such as the International Monetary Fund (IMF), is more ‘democratic’ in the sense that it is ‘one member one vote’. In practice individual developing countries have not had the kind of veto power that this suggests.
    UNBIS Thesaurus INTERNATIONAL TRADE
    INTERNATIONAL TRADE LAW
    GENERAL INTERNATIONAL TRADE AND TRADE POLICY
    NORTH-SOUTH RELATIONS
    Copyright Holder The Editors
    Copyright Year 2011
    Copyright type All rights reserved
    ISBN 9781315568218
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    Created: Fri, 15 Feb 2019, 11:44:39 JST