The failure of the Seattle trade ministerial in December 1999 to launch a new round of multilateral trade negotiations dealt a major blow to the World Trade Organization (WTO). The Seattle meetings exposed significant policy differences among the WTO member countries as well as shortcomings in the way the WTO conducts its business and interacts with other international and nongovernmental organizations. The WTO after Seattle analyzes the problems and challenges facing the trading system in the aftermath of the Seattle ministerial. Leading trade experts examine why it is in the interests of both developed and developing countries to reengage in new trade talks, and how such talks could promote world trade and economic development, reform WTO operations, and strengthen public support for the trading system.
The volume presents balanced perspectives on world trade problems by authors from the United States, Europe, Asia, and Latin America, with recommendations on what needs to be done in key areas to launch new talks. The authors address the WTO's existing mandate to negotiate on agriculture and services, as well as how to handle new issues such as investment, competition policy, e-commerce, and trade-related environmental and labor issues. The editor, Jeffrey J. Schott, provides a comprehensive overview of the issues facing the WTO and of what needs to be done to begin a new round.
A fine critique of the past and a good roadmap for the future.
Sam Gibbons, Chairman of Gibbons & Company and former member of Congress and Chairman of the House Ways and Means Committee
Extraordinarily timely ... a very rich source of fresh expertise for everybody interested in the origin, the consequences, the trade-offs and the options for the multilateral trading system after the shock of Seattle.
Rolf J. Langhammer, Vice President, Kiel Institute of World Economics
1. The WTO After Seattle
Jeffrey J. Schott
II. Interests and Objectives of the Major Trading Nations
2. The United States' Interest in New Global Trade Negotiations
C Fred Bergsten
3. The EU Approach to a New Round
4. Some Reflections on the Seattle Ministerial: Toward the Relaunching of a New Round
5. The World Trading System: Seattle and Beyond
6. Developing Countries' Interests in a "Development Round"
7. Seattle and Beyond: Developing-Country Perspectives
A. V. Ganesan
III. The WTO Agenda: Existing Mandates
8. Agriculture and the Next WTO Round
9. Towards a More Balanced and Comprehensive Services Agreement
10. Intellectual Property Issues for the New Round
Keith E. Maskus
11. Antidumping and Safeguards
Patrick A. Messerlin
IV. The WTO Agenda: New Issues
12. Getting Beyond No...! Promoting Worker Rights and Trade
Kimberly A. Elliott
13. Trade, Competition, and the WTO Agenda
Edward M. Graham
14. Investment Issues
15. Environment and the Trading System: Picking Up the Post-Seattle Pieces
Daniel C. Esty
16. Electronic Commerce in the WTO Catherine L. Mann and Sarah Cleeland Knight
V. The WTO Agenda: Institutional Issues
17. Dispute Settlement and a New Round
John H. Jackson
18. Decision Making in the WTO
Jeffrey J. Schott and Jayashree Watal