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The WTO's Trade Policy Review Mechanism, which reviews the trade policies and practices of each WTO member at regular intervals, is generally considered to function well. In this day and age, complacency is unwise. Examining trade policy reviews throughout the lifetime of the TPRM, this book details its evolution from Article X of the General Agreement on Tariffs and Trade to the proposed modifications resulting from the mechanism's latest appraisal, examining the budgetary capabilities and technical performance of all the main entities who participate in the reviews.On the basis of these considerations, the author concludes that in order to remain relevant, especially in times of increased global protectionism, the TPRM could, and should do better, and provides unique and timely suggestions for reform.
This book investigates whether the World Trade Organization's Trade Policy Review Mechanism (TPRM) remains an effective instrument for transparency and accountability in an era of rising global protectionism. Mathias Kende, an expert in international economic law, evaluates the historical evolution of the mechanism from its origins in the General Agreement on Tariffs and Trade to its current operational state. By analyzing the budgetary constraints and technical performance of participating entities, the author argues that the mechanism requires significant structural reform to maintain its relevance in the modern global economy.
What You Will Find
Experts in international trade law identify this work as a rigorous examination of the institutional mechanics governing WTO transparency. Readers frequently note the technical density of the prose, which serves as a specialized resource for practitioners and scholars of international economic policy.
Page Count:
384
Publication Date:
2018-04-15
Publisher:
Oxford University Press
ISBN-10:
0198817614
ISBN-13:
9780198817611
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