Abstract
This article seeks to analyse and compare WTO Accession Protocols, particularly the interpretations given relevant commitments made in them regarding energy and fossil fuels.
Much has changed in global trade relations since the launch of the Doha Round of multilateral trade negotiations in November 2001. While these negotiations have hitherto been virtually dead-locked, regional arrangements and various protectionist practices continue to proliferate. Nonetheless, WTO economists have issued a strong upward revision to their forecast for 2017 trade expansion due to a sharp acceleration in global trade growth in the first half of the year. At the same time the WTO edges steadily closer towards near universal membership. It also gradually consolidates and extends its disciplines to cover ever wider areas of international commerce. This evidently shows that despite its manifold shortcomings which are much debated, the WTO still remains the trusted guardian of the world’s system of multilateral trade governance.
Much has changed in global trade relations since the launch of the Doha Round of multilateral trade negotiations in November 2001. While these negotiations have hitherto been virtually dead-locked, regional arrangements and various protectionist practices continue to proliferate. Nonetheless, WTO economists have issued a strong upward revision to their forecast for 2017 trade expansion due to a sharp acceleration in global trade growth in the first half of the year. At the same time the WTO edges steadily closer towards near universal membership. It also gradually consolidates and extends its disciplines to cover ever wider areas of international commerce. This evidently shows that despite its manifold shortcomings which are much debated, the WTO still remains the trusted guardian of the world’s system of multilateral trade governance.
| Original language | English |
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| Title of host publication | European Yearbook of International Economic Law 2018 |
| Editors | M Bungenberg, M Krajewski, C Tams, JP Terhechte, AR Ziegler |
| Publisher | Springer |
| Pages | 1-17 |
| Number of pages | 17 |
| Volume | 9 |
| Edition | 2018 |
| Publication status | Accepted/In press - 1 May 2018 |
Publication series
| Name | European Yearbook of International Economic Law |
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