To address the dynamic challenges confronting modern trade relations it is imperative to update the rules of the World Trade Organization (WTO). Plurilateral agreements are a viable option for responding to trade issues on which multilateral consensus is difficult. They should follow an inclusive and development-focused framework for participation.
– In their current form, WTO rules do not adequately address pressing global challenges such as food security, pandemic responses, and climate change. Plurilateral agreements can be a viable option for reform.
– Effective plurilateral agreements feature a layered architecture of rights and obligations – similar to that of the Trade Facilitation Agreement (TFA) – and encompass capacity-building measures.
– WTO Members should initiate plurilaterals on topics that are of particular concern to developing countries and Least-Developed Countries (LDCs) and that can help achieve the UN’s Sustainable Development Goals (SDGs).
To address the dynamic challenges confronting modern trade relations it is imperative to update the rules of the World Trade Organization (WTO). Plurilateral agreements are a viable option for responding to trade issues on which multilateral consensus is difficult. They should follow an inclusive and development-focused framework for participation.
– In their current form, WTO rules do not adequately address pressing global challenges such as food security, pandemic responses, and climate change. Plurilateral agreements can be a viable option for reform.
– Effective plurilateral agreements feature a layered architecture of rights and obligations – similar to that of the Trade Facilitation Agreement (TFA) – and encompass capacity-building measures.
– WTO Members should initiate plurilaterals on topics that are of particular concern to developing countries and Least-Developed Countries (LDCs) and that can help achieve the UN’s Sustainable Development Goals (SDGs).
To address the dynamic challenges confronting modern trade relations it is imperative to update the rules of the World Trade Organization (WTO). Plurilateral agreements are a viable option for responding to trade issues on which multilateral consensus is difficult. They should follow an inclusive and development-focused framework for participation.
– In their current form, WTO rules do not adequately address pressing global challenges such as food security, pandemic responses, and climate change. Plurilateral agreements can be a viable option for reform.
– Effective plurilateral agreements feature a layered architecture of rights and obligations – similar to that of the Trade Facilitation Agreement (TFA) – and encompass capacity-building measures.
– WTO Members should initiate plurilaterals on topics that are of particular concern to developing countries and Least-Developed Countries (LDCs) and that can help achieve the UN’s Sustainable Development Goals (SDGs).
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This chapter investigates whether China assumes the role of a rule-taker, acts as a rule-maker or even breaks with the system governing foreign investment. Given its significant foreign investment flows and economic and political clout, a better understanding of China’s ideas for and potential role in the ongoing reform of global investment governance is highly relevant. An analysis of China’s international investment agreements shows that China acted as a rule-taker by broadly accepting the templates of its treaty partners, while clinging to a number of defensive positions. The most recent and significant international investment agreement negotiated by China, the Comprehensive Agreement on Investment, signed in principle with the EU, seems to be following a template that largely reflects the preferences of the EU. China is also a supporter of the World Trade Organization negotiations on investment facilitation. China’s role in the Investment Facilitation for Development (IFD) Agreement negotiations should be characterized not so much as a thought-leader but as a key promoter of dialogue and negotiations.
This chapter investigates whether China assumes the role of a rule-taker, acts as a rule-maker or even breaks with the system governing foreign investment. Given its significant foreign investment flows and economic and political clout, a better understanding of China’s ideas for and potential role in the ongoing reform of global investment governance is highly relevant. An analysis of China’s international investment agreements shows that China acted as a rule-taker by broadly accepting the templates of its treaty partners, while clinging to a number of defensive positions. The most recent and significant international investment agreement negotiated by China, the Comprehensive Agreement on Investment, signed in principle with the EU, seems to be following a template that largely reflects the preferences of the EU. China is also a supporter of the World Trade Organization negotiations on investment facilitation. China’s role in the Investment Facilitation for Development (IFD) Agreement negotiations should be characterized not so much as a thought-leader but as a key promoter of dialogue and negotiations.
This chapter investigates whether China assumes the role of a rule-taker, acts as a rule-maker or even breaks with the system governing foreign investment. Given its significant foreign investment flows and economic and political clout, a better understanding of China’s ideas for and potential role in the ongoing reform of global investment governance is highly relevant. An analysis of China’s international investment agreements shows that China acted as a rule-taker by broadly accepting the templates of its treaty partners, while clinging to a number of defensive positions. The most recent and significant international investment agreement negotiated by China, the Comprehensive Agreement on Investment, signed in principle with the EU, seems to be following a template that largely reflects the preferences of the EU. China is also a supporter of the World Trade Organization negotiations on investment facilitation. China’s role in the Investment Facilitation for Development (IFD) Agreement negotiations should be characterized not so much as a thought-leader but as a key promoter of dialogue and negotiations.