WTO Reform: Multilateral Control over Unilateral Retaliation – Lessons from the US-China Trade War

Qin, Julia Ya

doi:10.2139/ssrn.3654510

Cited by 5 publications

(5 citation statements)

References 10 publications

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Section: Lessons From the Us-china Trade Warmentioning

confidence: 99%

“…On the other hand, China has unwittingly collaborated with the US in undermining the multilateral trading system by reacting outside the DSU framework [13]. According to Qin [13], China's unilateral retaliation has morally damaged its legal case against the Section 301 tariffs because of an inadequate understanding of the underlying rationale of DSU Article 23. To some extent, China's radical reaction is partly because of the rigorous defense of its nationalism and motivated by the perception that the US was intentionally curbing its rise.…”

Section: Lessons From the Us-china Trade Warmentioning

confidence: 99%

“…This design intends to bring the disputants into the negotiation phase in advance and provide a pre-processing platform for states to settle in. This intervention mechanism could be led by the WTO Director-General, which has multilateral legitimacy [13] and is complemented by a consultative panel. The role of the WTO Director-General is to persuade and ensure the involvement of disputants; the duty of the consultative meeting, in brief, is to provide suggestions about possible solutions and implications of improper actions.…”

Section: The Consultation Mechanism For Preventing Unilateral Retalia...mentioning

confidence: 99%

“…The recommendations may include informal reports about the analysis of the status quo rather than the final decision about the dispute. In the US-China trade war case, this intervention could have helped Beijing understand the applicable law and the grave implications of violating Article 23 with the assistance of WTO Secretariat staff [13]. This mechanism serves as a conciliatory and mediatory body to adjust the tension and provide information at the beginning of trade conflicts.…”

Section: The Consultation Mechanism For Preventing Unilateral Retalia...mentioning

confidence: 99%

“…To counter the potential threat of a trade war, the intervention of this mechanism must include mandatory Member participation to overcome the member-driven feature of the DSU [13]. As a result, this intervention could, to some extent, reduce the likelihood of counterretaliation.…”

Section: The Consultation Mechanism For Preventing Unilateral Retalia...mentioning

confidence: 99%

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Lessons to the DSU from the US-China Trade War and Proposal of Reforms

Zhu

2023

LNEP

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In the context of globalization, people pay more attention to the role of international economic organizations in managing transnational trade relations. The US-China trade war has critically impacted the global economy and significantly influenced the international trade pattern. The Dispute Settlement Understanding (DSU), an essential section under the World Trade Organization(WTO), failed to function during the US-China trade war. Using the US-China trade war as the entry point to review the US-China trade relations under the WTO, this paper first evaluates the deficiencies of the DSU. Then it raises some reform suggestions in relatively practical aspects. The main intention of reforms is to provide a more concise and complete negotiation platform for solving transnational trade disputes.

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Section: Lessons From the Us-china Trade Warmentioning

confidence: 99%

Section: Lessons From the Us-china Trade Warmentioning

confidence: 99%

Section: The Consultation Mechanism For Preventing Unilateral Retalia...mentioning

confidence: 99%

Section: The Consultation Mechanism For Preventing Unilateral Retalia...mentioning

confidence: 99%

Section: The Consultation Mechanism For Preventing Unilateral Retalia...mentioning

confidence: 99%

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Lessons to the DSU from the US-China Trade War and Proposal of Reforms

Zhu

2023

LNEP

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Relocation Strategy of Global Supply Chain and Value Chain Under Deglobalization

Vargas-Hernández

2022

Managing Inflation and Supply Chain Disruptions in the Global Economy

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This chapter aims to critically analyze the implications that the national protectionist policies have on the global supply and value chains and the relocation of production. The analysis is based on the assumptions that the global economy is facing the possibility of decoupling of many trade connections, and this trend favors deglobalization processes that have long been promoted by populism, nationalism, and economic protectionism. It is concluded that global supply, production, and value chains, although being economically efficient, are no longer any more secure under national protectionist policies, and therefore, the relocation of production processes is mainly due to the increase in the level of income and wages of the developing countries that are the destination, and which reduce the advantages to relocate.

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Global Supply Chain and Value Chain as a Relocation Strategy

Vargas-Hernández¹,

Vargas-González

2023

Handbook of Research on Designing Sustainable Supply Chains to Achieve a Circular Economy

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This chapter aims to critically analyze the implications that the national protectionist policies have on the global supply and value chains and the relocation of production. The analysis is based on the assumptions that the global economy is facing the possibility of decoupling many trade connections, and this trend favors deglobalization processes that have long been promoted by populism, nationalism, and economic protectionism. It is concluded that global supply, production, and value chains, although being economically efficient, are no longer any more secure under national protectionist policies, and therefore, the relocation of production processes is mainly due to the increase in the level of income and wages of the developing countries that are the destination, and which reduce the advantages to relocate.

show abstract

WTO Reform: Multilateral Control over Unilateral Retaliation – Lessons from the US-China Trade War

Cited by 5 publications

References 10 publications

Lessons to the DSU from the US-China Trade War and Proposal of Reforms

Lessons to the DSU from the US-China Trade War and Proposal of Reforms

Relocation Strategy of Global Supply Chain and Value Chain Under Deglobalization

Global Supply Chain and Value Chain as a Relocation Strategy

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