Publications

Professor Joel Trachtman Contributes to "Building on Bali: A Work Programme for the WTO"

Building on Bali: A Work Programme for the WTO

Published by VoxEU.org eBook

An excerpt from Unleashing Recognition in International Trade:

"The tariff reduction enterprise that has driven the GATT/WTO system since 1947 has run out of steam. Most of the low hanging fruit has been harvested, and tariffs among developed countries on manufactured products are generally quite low. During the tariff reduction period, multilateral disciplines on non-tariff barriers were largely intended to limit defection from tariff-reduction commitments. Therefore, discriminatory measures, and measures that failed tests of necessity or a requirement to be founded on a scientific basis, are prohibited. These prohibitions have generally not imposed extensive discipline on national measures that have a plausible non-protectionist rationale, although there are some arguable exceptions. In the field of services, there are no tariff barriers. Therefore, the greatest share of future gains from liberalisation in manufactured goods and services trade are likely to come from reduction in barriers resulting from measures that have a plausible non-protectionist rationale..."