Emergency Action by the WTO Director-General: Global Administrative Law and the WTO's Initial Response to the 2008-09 Financial Crisis
International Organizations Law Review, Vol. 6, pp. 499-512, 2009
14 Pages Posted: 31 Aug 2010
Date Written: November 2, 2009
The WTO's initial reaction to the 2008-2009 financial crisis was taken mainly by its managerial arm, that is, by the Director-General (DG) and the Secretariat and not by its legislative or judicial bodies. This is a novelty for the WTO and illustrates the emergence, even at the otherwise hard-law WTO, of informal administrative actions that go beyond the traditional member-dominated WTO. The actions were in two areas: The DG convened trade finance expert meetings with other organizations and private banks, and the Secretariat prepared reports on trade-related measures enacted across the globe in response to the crisis. The article examines these actions in light of certain concepts and principles of the GAL project. Overall, the Director-General was sensitive in his actions to GAL principles.
Keywords: WTO Director-General, WTO Secretariat, Financial Crisis, Emergency, Trade Finance, Global Administrative Law
Suggested Citation: Suggested Citation