China and the World Trading System

39 Pages Posted: 23 Dec 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

Multiple version iconThere are 2 versions of this paper

Date Written: December 2012

Abstract

The WTO has been until recently 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 liberalisation 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 broadly non‐discriminatory trading order.

Suggested Citation

Mattoo, Aaditya and Subramanian, Arvind, China and the World Trading System (December 2012). The World Economy, Vol. 35, Issue 12, pp. 1733-1771, 2012, Available at SSRN: https://ssrn.com/abstract=2193219 or http://dx.doi.org/10.1111/twec.12017

Aaditya Mattoo (Contact Author)

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

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Arvind Subramanian

International Monetary Fund (IMF) ( email )

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Center for Global Development

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