The Way Forward for WTO Reform: Agricultural Subsidies and Special and Differential Treatments

Improving global governance
Posted Jan 14, 2021 | Korea Institute for International Economic Policy, Jin Kyo Suh, Ji Hyun Park, Min-Sung Kim

In this contribution to the Study Series of the KIEP - Korea Institute for International Economic Policy, Jin Kyo Suh, Ji Hyun Park and Min-Sung Kim argue that the rise of emerging economies and the relative decline of traditional economic powerhouses, together with the need to deal with new issues like climate change, e-commerce and digital trade, are shaking the foundations on which the WTO was built some 25 years ago. At the same time, there is growing pressure by many WTO members to modernise the WTO, including its Appellate Body. The authors offer suggestions on trade-distorting farm subsidies, and Special and Differential Treatment (S&DT), which are the two most important issues in the WTO negotiations.


https://think-asia.org/bitstream/handle/11540/12563/WEB20-29.pdf

 

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