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WTO reform and the crisis of multilateralism: A developing country perspective
21 Sep 2020 - 17:00
WTO reform and the crisis of multilateralism: A Developing Country Perspective is a newly released book by Professor Faizel Ismail, Director at the Mandela School. The book provides a critical analysis of the US-led reform proposals and seeks to build a discourse around an alternative set of concepts or principles to guide the multilateral trading system based on fairness, solidarity, social justice, inclusiveness, and sustainability.
The WTO has not been able to recover since the collapse of the Doha Round in July 2008. Several ministerial conferences including the Buenos Aires meeting in December 2017, failed to reach an agreement. The US Trump administration launched a campaign to reform the WTO in 2018 and 2019. This book argues that the Trump Administration reform proposals have been much more aggressive and far-reaching than the Obama administration before it, threatening to erode hard-won special and differential treatment rights of developing countries. By blocking the appointment of new Appellate Body members, the US has effectively paralysed the Appellate Body and deepened the crisis of the multilateral trading system. Developing countries have responded to the proposals and called for the WTO to be development-oriented and inclusive.
This book is published by the South Centre with support from Trade & Industrial Policy Strategies