WTO-Building © BDI/Eckart von Unger

WTO: Shaping the Multilateral Trade System

Trade is a driver for economic growth and sustainable development. To what extent fair play prevails in trade depends on the regulations governing world trade and their enforcement. With its 164 member states, the World Trade Organization (WTO) establishes a basic set of rules for free and fair global trade. However, this multilateral framework requires constant development, which must keep up the pace with globalisation. But the forthcoming WTO Ministerial Conference in December 2017 threatens to end in deadlock.

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The Doha Round

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Positions

Regulate areas that have not been or not been comprehensively covered by WTO provisions.

These include investment, competition, export duties, public procurement as well as bilateral free trade agreements.

Conclude remaining issues of the Doha Round

WTO members should use new approaches to address the remaining Doha issues, especially market access for industrial goods.

International trade as a source for global prosperity and development

The objective is a barrier-free and rule-based world trade. The multilateral liberalization and regulation via the WTO remains the ideal solution.