EU ’s Activities for the Modernisation of the WTO – Towards the Reconstruction of the Organization’s Position in the World Economy
EU ’s Activities for the Modernisation of the WTO – Towards the Reconstruction of the Organization’s Position in the World Economy

Summary/Abstract: The gradually mounting negotiating crisis in recent years, combined with the inability of the World Trade Organization (WTO) to perform its basic functions, has demonstrated some weaknesses and inefficiencies of the multilateral trading system. This provokes a discussion about the role of the organisation as the main regulator of world trade and, consequently, about the need to reform the multilateral system. Regaining the WTO’s position as a leader in global trade liberalisation and as a key forum for trade negotiations now requires a thorough reform of the organisation in many areas. This paper aims to analyse the issues related to the actions taken by the EU to modernise the multilateral system under the WTO. The article presents the results of an analysis aimed at confirming the thesis that the EU, leading the efforts to rebuild the position of the WTO in the global economy, against the background of today’s diffuse global balance of power, will have to engage in its reform with other important members of the organisation, such as China, among others. This is a consequence of the shift in the balance of power in the world economy, which has also been reflected in WTO negotiations.

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