Keeping Regionalism Under ‘Control’ of the Multilateral Trading System: State of Play and Prospects

Law and Business Review of the Americas (Summer 2013)

31 Pages Posted: 21 Mar 2014

See all articles by Sherzod Shadikhodjaev

Sherzod Shadikhodjaev

KDI School of Public Policy and Management

Date Written: 2013

Abstract

The rapid increase in regional trade agreements (RTAs) is a noticeable trend in international trade today. There have been more than 350 RTAs in force notified to the World Trade Organization (WTO), and this number will grow over time. The worldwide proliferation of regional arrangements has provoked a lot of discussions about its implications for the multilateral trading system. Some would underscore the complimentary nature of RTAs, others would indicate negative effects on the multilateral trade regime, with none of these views being able to uniformly reflect the complexity of the current picture of world trade. The purpose of this article is to revisit the WTO tools designed to keep regionalism within its reach. We will evaluate the state of play in three areas of the WTO domain - rule-making, multilateral review and dispute settlement - and see if there is any room for improvement of WTO's "control" functions in each of these fields.

Keywords: regionalism, multilateralism, regional trade agreement, RTA, FTA, customs union, WTO, Article XXIV, Doha Round, transparency mechanism

Suggested Citation

Shadikhodjaev, Sherzod, Keeping Regionalism Under ‘Control’ of the Multilateral Trading System: State of Play and Prospects (2013). Law and Business Review of the Americas (Summer 2013) , Available at SSRN: https://ssrn.com/abstract=2411850

Sherzod Shadikhodjaev (Contact Author)

KDI School of Public Policy and Management ( email )

P.O. Box 184
Seoul, 130-868
Korea, Republic of (South Korea)

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