scholarly journals THE ROLE OF THE WORLD TRADE ORGANIZATION IN COUNTERING THE GROWTH OF PROTECTIONISM DURING THE COVID-19 PANDEMIC

2021 ◽  
pp. 64-76
Author(s):  
Viktoriia SIDLIAR
Keyword(s):  
World Trade Organization ◽  
World Trade ◽  
Global Economy ◽  
New Paradigm ◽  
Trade Restrictions ◽  
Trade Disputes ◽  
Trade Relations ◽  
The World ◽  
The Times

Introduction. The global economy has been shaken by a wave of protectionism, which has led to trade restrictions and a deterioration in world trade and GDP. The spread of coronavirus infection COVID-19 has put the international community in a state of uncertainty and unpredictability, and world trade in a state of crisis due to a record rate of decline. Sharp confrontations in trade relations between world leaders have called into question the ability of international arbitrators, such as the WTO, to resolve trade disputes on the basis of existing rules and agreements reached. Today, WTO members recognize the need to reform the organization. The purpose of the article is to research the role of the World Trade Organization in countering the spread of protectionist policies and the COVID-19 pandemic. Results. Modern tendencies of world trade and pragmatism of introduction of trade restrictions are considered. The key problems of the WTO institutional crisis are revealed and the need for its reform is determined. Conclusions. The WTO needs to be reformed in order to a more flexible structure that will better meet the demands of the times and perform its core functions more effectively, in particular, providing mechanisms for settling international trade disputes and developing and adopting world trade standards. Effective WTO reforms, the resumption of dialogue between members and the choice of achievable goals are the basis of a multilateral trading system that meets the needs of today’s digital economy and promotes economic growth. The result of WTO reforms should not be a new paradigm that is not based on trade liberalization, but the development of corrective tools that will support the benefits of this institution, meet current and future needs.

The Reasoning Structure in Legal Disputes on the International Trade of Biotechnology: From a Judicial Balance by Chance to a Judicial Balance by Design

2021 ◽  
pp. 1-16
Author(s):  
Alessandra GUIDA
Keyword(s):  
International Trade ◽  
World Trade Organization ◽  
World Trade ◽  
Technology Innovation ◽  
Global Scale ◽  
Trade Restrictions ◽  
Competing Interests ◽  
The World ◽  
National Economies ◽  
Biotech Products

The international trade in biotech products boosts national economies and advances scientific as well as technology innovation. However, while trading these products increases the spread of benefits on a global scale, it also increases risks to human health and the environment (ie biosafety). This is because the effects of this technology on biosafety are still highly uncertain. Against this background, the judicial bodies under the World Trade Organization (WTO) find themselves in the middle of an intricate and polarised debate in which a proper judicial balance between free trade and biosafety becomes fundamental in order to determine whether requests for ensuring human and environmental health justify trade restrictions. This paper aims to highlight that the WTO is institutionally unready for balancing economic and non-economic values. In suggesting how to rationalise the judicial balance between the competing interests in the context of biotechnology, this paper demonstrates that the judicial adoption of a well-structured proportionality analysis can turn the current balance by chance into a balance by structure.

Diversity and Legitimacy of the World Trade Organization’s Bench

2020 ◽  
pp. 427-445
Author(s):  
Cosette D Creamer ◽  
Zuzanna Godzimirska
Keyword(s):  
World Trade Organization ◽  
World Trade ◽  
Academic Experience ◽  
Appellate Body ◽  
The World ◽  
The Relationship

This chapter sheds light on the relationship between the composition of the bench and the sociological legitimacy of the judicial branch of the World Trade Organization (WTO). Two identity characteristics are consistently part of the criticism of the WTO’s bench: the lack of female adjudicators as well as individuals with academic experience. Overall, however, the identity of the bench does not appear to matter greatly for how WTO Members evaluate its exercise of authority. We suggest that the role of the WTO’s Legal Affairs Division and the Appellate Body Secretariat in streamlining outcomes and procedures may best explain this, as it helps prevent such diversity from manifesting in dispute rulings. Alternatively, it tells us that judicial diversity matters more for the bench’s normative legitimacy—and for scholars—than it does for governments.

Trade in electricity under WTO and EAEU Law: compatibility of two legal regimes†

2020 ◽  
Vol 13 (2) ◽  
pp. 129-140
Author(s):  
Daria Boklan ◽  
Olga Belova
Keyword(s):  
World Trade Organization ◽  
Electricity Market ◽  
World Trade ◽  
Legal Order ◽  
Member States ◽  
Eurasian Economic Union ◽  
The World ◽  
History Of ◽  
Economic Union

Abstract Accession of Russia and Kazakhstan to the World Trade Organization (WTO) constitutes a landmark event in the history of this organization, especially in relation to trade in energy, in general, and trade in electricity, in particular. As a result, the role of the WTO in regulating trade in electricity has increasingly grown. However, the Treaty on the Eurasian Economic Union, a treaty that binds both Russia and Kazakhstan, necessitates additional regulation for trade in electricity, concurrent with law of the WTO. Recently, this treaty was amended by the Protocol on Common Electricity Market on 1 July 2019. As a result, compatibility issues between the rules of the WTO and the Eurasian Economic Union arise. This article concludes that the law of the WTO can be relevant to trade in electricity between Member States of the Eurasian Economic Union and third countries because of the specific place of the rules of the WTO under the Eurasian Economic Union legal order.

Africa-Asia Relations since the End of “Unipolar” Globalization: Focus on Education and Research

2013 ◽  
Vol 12 (1-2) ◽  
pp. 118-139
Author(s):  
Tukumbi Lumumba-Kasongo
Keyword(s):  
World Trade Organization ◽  
International Cooperation ◽  
World Trade ◽  
Institutional Support ◽  
Social Progress ◽  
Japan International Cooperation Agency ◽  
Historical Perspectives ◽  
The World ◽  
Political Leverage

Abstract The role of education and research in social progress is vital. Since China was admitted into the World Trade Organization in 2001, its economic, financial and trade assistance with Africa has intensified, reflecting certain aspects of the claims associated with the Bandung Conference in 1955. And Japanese relations with Africa, which were at their peak from the end of 1980s through the beginning of the 1990s, have steadily been declining. Furthermore, as China has become the second largest economy in the World since 2010, it has begun projecting its influential power in Africa. Despite the newfound emergence of Chinese power in Africa, it is Japan that has created the strongest institutional support of its activities in the name of new Japan International Cooperation Agency ( JICA), which redefines Japan relationship with Africa through the TICAD initiative. The competition between these two powers can benefit Africa if she can build her political leverage in her own capacity to identify her priorities with confidence and determination. Using comparative and historical perspectives, this article focuses on the examination of the new trends regarding Chinese and Japanese assistance to Africa with a particular focus on education and research.

scholarly journals The Tiger Awakens: The Tumultuous Transformation of India’s Patent System and the Rise of Indian Pharmaceutical Innovation

2007 ◽  
Vol 68 (3) ◽  
Author(s):  
Janice M. Mueller
Keyword(s):  
World Trade Organization ◽  
World Trade ◽  
Global Economy ◽  
Patent Protection ◽  
Turning Point ◽  
Pharmaceutical Products ◽  
High Quality ◽  
The World ◽  
History Of ◽  
Drug Manufacturing

The first day of January 2005 marked a dramatic turning point in the history of India. By deliberately excluding pharmaceutical products from patent protection for the previous 34 years, India became a world leader in high-quality generic drug manufacturing. But India’s entry into the global economy at the end of the 20th century, as evidenced by membership in the World Trade Organization (WTO), compelled the nation to once again award patents on drugs. Moreover, India henceforth would have to apply internationally-accepted criteria for granting patents, and the term of its patents would have to extend twenty years beyond filing.

Turkey's Foreign Trade and New Markets for Turkey

2016 ◽  
pp. 147-165
Author(s):  
Ahu Coşkun Özer
Keyword(s):  
Developing Countries ◽  
World Trade Organization ◽  
World Trade ◽  
Export Markets ◽  
New Markets ◽  
World Export ◽  
Trade Relations ◽  
The World ◽  
The Usa ◽  
Survey Results

The share of developing countries in the world trade is increasing every day. According to an assessment made by the World Trade Organization (WTO), a share of developing countries in the world export is expected to rise by 8.5% in the years ahead. Turkey's share in the world trade is around 1%, and it is expected to increase up to 1.5% by 2023.Turkey is ranked 22nd in the world export and 15th in the world import of goods. Turkey's current problems are account and trade deficits. New markets will potentially offer an opportunity to overcome both account and trade deficits. The aim of this chapter is to define new export markets for Turkey. According to the survey results, Turkey may potentially increase its export to the USA. Apart from the USA, Germany and Russia will continue to serve as export markets for Turkey in the years ahead. Therefore, Turkish companies will maintain their existing trade relations with these countries.

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