WHAT ARE THE THREATS TO THE FUTURE OF THE WTO? Cover Image

QUELLES SONT LES MENACES SUR L’AVENIR DE L’OMC?
WHAT ARE THE THREATS TO THE FUTURE OF THE WTO?

Author(s): Abida Montej, Gargouri Ilhem
Subject(s): Commercial Law
Published by: Editura Bibliotheca
Keywords: Protectionism; free trade; WTO; USA; EU; East Asia;

Summary/Abstract: Today we are witnessing a serious crisis that could lead to the collapse of theWorld Trade Organization (WTO). This crisis is the consequence of the uncooperativebehavior of the triad: the United States, the European Union and East Asia. When there is aconfrontation between these three most powerful regional blocs, there is inevitably a blockageand a destructive trade war similar to that of the 1930s. In these times of crisis, each countrytries to save its economy by relying on the strategy of protectionism. The negotiation andregulatory functions of the WTO are paralyzed: the Dispute Settlement Body is seriouslyaffected by the refusal of the United States, since 2016, to renew the members of the AppellateBody (AB) whose mandates were expiring. This jeopardizes international rules negotiatedsince 1947, when the General Agreement on Tariffs and Trade (GATT) was created. Theexistence of liberalization fatigue and a growing rejection of globalization raises questionsabout the future of the WTO

  • Issue Year: 2021
  • Issue No: 4 (53)
  • Page Range: 133-150
  • Page Count: 18
  • Language: French
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