A China Round of Multilateral Trade Negotiation

41 Pages Posted: 17 Dec 2011 Last revised: 24 Feb 2012

See all articles by Aaditya Mattoo

Aaditya Mattoo

World Bank - Development Research Group (DECRG)

Arvind Subramanian

International Monetary Fund (IMF); Center for Global Development

Date Written: December 10, 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

Mattoo, Aaditya and Subramanian, Arvind, A China Round of Multilateral Trade Negotiation (December 10, 2011). Center for Global Development Working Paper No. 277. Available at SSRN: https://ssrn.com/abstract=1972988 or http://dx.doi.org/10.2139/ssrn.1972988

Aaditya Mattoo (Contact Author)

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

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Room MC 3-327
Washington, DC 20433
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202-676-9810 (Fax)

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

Arvind Subramanian

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

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