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Regular version of the site

Book chapter

Система глобального управления торговлей: перспективы развития

С. 391-397.

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.