ФРГ на пути к трансатлантическому партнерству: перспективы и внутренние противоречия
The System of GATT/WTO worked rather good for about 50 years producing required trade rules. In XXIc. International trade changed profoundly. But the WTO did not adapt to the changes. The megaregional trade agreements like TPP can provide trade with some modern rules but cannot bring universal solution. It is time to start to consider a system of multi-pillar global trade governance with the WTO as a central pillar. This system will be a new system of Global trade governance.
The article deals with D.Trump external economic initiatives within six months of his presidency. A critical look is taken on US withdrawal from Trans-Pacific Partnership and suspension of Transatlantic Trade and Investment Partnership talks with EU. The author emphasizes a danger of possible US disregard for the universal trade rules i.e. WTO rules. Special attention is drown to a negative reaction of main US economic partners to protectionist tendencies of new American administration politics as well as to their determination to follow the markets liberalization and economic globalization. One of the main conclusions made by the author is that Trump team insisting on the desire to make America Great, in fact departs from the basic principles of foreign policy and economic course of the country which were not questioned by any of its 44 predecessors.
Regional integration reached a new scale. TransPacific Partnership and Transatlantic Trade & Investment Partnership will have a profound impact not only on their participants but on the whole World trade as well.
The article deals with the current and emerging problems of the Multilateral Trade System, i.e. WTO. In the beginning the author analysis the results of the 10th Ministerial Conference in Nairobi emphasizing the appearance of the split among members, for first time since 2002, on the fundamental issue of the Doha round mandate. The author further suggests that current multilateral trade governance is far more complex than ever before. The international trade changed profoundly. But the WTO did not adapt to the changes. The megaregional trade agreements (MRTA) like TPP, TTIP can provide trade with some modern rules but cannot bring universal solution. The author believe it is time to start to consider a system of multi-pillar global trade governance with the WTO as a central pillar.
Regional economic integration has been in progress for about 150 years. Modern globalazing economy generated new level of economic integration, Megaregional trade agreement (MRTA). The chapter deals with process of creation of current MRTA, as well as with future interaction between MRTA and WTO.