China and the World Trading System

40 Pages Posted: 6 Dec 2011

See all articles by Arvind Subramanian

Arvind Subramanian

International Monetary Fund (IMF); Center for Global Development

Aaditya Mattoo

World Bank - Development Research Group (DECRG)

Multiple version iconThere are 2 versions of this paper

Date Written: December 5, 2011

Abstract

Until recently, the World Trade Organization (WTO) has been an effective framework for cooperation because it has continually adapted to changing economic realities. The current Doha Agenda is an aberration because it does not reflect one of the biggest shifts in the international economic and trading system: the rise of China. Even though China will have a stake in maintaining trade openness, an initiative that builds on but redefines the Doha Agenda would anchor China more fully in the multilateral trading system. Such an initiative would have two pillars. First, a new negotiating agenda that would include the major issues of interest to China and its trading partners, and thus unleash the powerful reciprocal liberalization mechanism that has driven the WTO process to previous successes. Second, new restraints on bilateralism and regionalism that would help preserve incentives for maintaining the current broad non-discriminatory trading order.

Keywords: China, trade, multilateralism, WTO, Doha Agenda

JEL Classification: F1, F2, F5

Suggested Citation

Subramanian, Arvind and Mattoo, Aaditya, China and the World Trading System (December 5, 2011). Peterson Institute for International Economics Working Paper No. 11-22. Available at SSRN: https://ssrn.com/abstract=1968640 or http://dx.doi.org/10.2139/ssrn.1968640

Arvind Subramanian (Contact Author)

International Monetary Fund (IMF) ( email )

700 19th Street NW
Washington, DC 20431
United States

Center for Global Development

2055 L St. NW
5th floor
Washington, DC 20036
United States

Aaditya Mattoo

World Bank - Development Research Group (DECRG) ( email )

1818 H Street, N.W.
Room MC 3-327
Washington, DC 20433
United States
202-458-8047 (Phone)
202-676-9810 (Fax)

HOME PAGE: http://econ.worldbank.org/staff/amattoo

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