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Strengthening the Global Trading System

Due for release later this year.

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Strengthening the Global Trading System

Edited by Kym Anderson
Forthcoming

Republished by the University of Adelaide Press 2009


Synopsis

The World Trade Organisation (WTP) came into being in 1995. But it replaces and continues the work of an almost 50-year ‘interim’ institution commonly know as the GATT (General Agreement on Tarriffs and Trade). The fundamental purpose of both organisations is to boost international economic cooperation to strengthen the global economy through bringing greater stability and predictability to trade, thereby boosting investment, employment and sustainable growth in incomes.

In seeking to address the question of why the world needs a GATT or WTO, it is helpful to examine the historical events leading up to the GATT’s creation, its objectives and coverage, the reason for trade rules,for negotiating freer trade, for having the WTO monitor policies and provide information as means for achieving those objectives, and finally the new and emerging issues that made it sensible to convert the GATT into a permanent and broader-based WTO.

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Strengthening the Global Trading System
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