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The World Trade SystemTrends and Challenges$
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Jagdish N. Bhagwati, Pravin Krishna, and Arvind Panagariya

Print publication date: 2017

Print ISBN-13: 9780262035231

Published to MIT Press Scholarship Online: September 2017

DOI: 10.7551/mitpress/9780262035231.001.0001

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PRINTED FROM MIT PRESS SCHOLARSHIP ONLINE (www.mitpress.universitypressscholarship.com). (c) Copyright The MIT Press, 2021. All Rights Reserved. An individual user may print out a PDF of a single chapter of a monograph in MITSO for personal use.date: 26 September 2021

The Bali Trade Facilitation Agreement and Rulemaking in the WTO: Milestone, Mistake, or Mirage?

The Bali Trade Facilitation Agreement and Rulemaking in the WTO: Milestone, Mistake, or Mirage?

Chapter:
(p.149) 6 The Bali Trade Facilitation Agreement and Rulemaking in the WTO: Milestone, Mistake, or Mirage?
Source:
The World Trade System
Author(s):

Bernard Hoekman

Publisher:
The MIT Press
DOI:10.7551/mitpress/9780262035231.003.0006

The WTO Agreement on Trade Facilitation (TFA) embodies the first set of new multilateral rules to have been negotiated under auspices of the WTO, part of a small package of decisions centering on matters of interest to developing countries that was “harvested” from the broader Doha round. This paper analyzes the outcome of the trade facilitation talks and reflects on the lessons and possible implications of the TFA experience for the prospects for new rule-making and cooperation in the WTO. The TFA illustrates both the potential and the difficulty of negotiating generally applicable stand-alone agreements in the WTO and demonstrates the importance of issue linkage in achieving cooperation in trade policy matters.

Keywords:   Trade facilitation, Trade agreements Issue linkage, WTO, Economic development

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