Forging the trade-development nexus in the WTO and FTAs

Forging the trade-development nexus in the WTO and FTAs

The chapter sheds light on the evolution of, and criticism against, WTO’s SDT measures. The legalization of pragmatic incrementalism under ASEAN agreements and the RCEP has enabled developing countries to resort to meaningful Grant Bargain that ensures export-based economic growth. In particular, th...

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Bibliographic Details
Main Author: HSIEH, Pasha L.
Format: text
Language:English
Published: Institutional Knowledge at Singapore Management University 2023
Subjects:
World Trade Organization
ASEAN
free trade agreements
multilateralization
grant bargain
Doha Development Agenda
Asian Studies
International Trade Law
Regional Economics
Online Access:https://ink.library.smu.edu.sg/sol_research/4440
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Institution: Singapore Management University
Language: English
Description
Summary:The chapter sheds light on the evolution of, and criticism against, WTO’s SDT measures. The legalization of pragmatic incrementalism under ASEAN agreements and the RCEP has enabled developing countries to resort to meaningful Grant Bargain that ensures export-based economic growth. In particular, the new development strategy premised on the liberalization of services trade and technology transformation has propelled developing countries to fortify the development goals. Furthermore, the IAI’s multilateralization and the consolidation of development assistance, as well as the institutionalization of ASEAN and RCEP, highlight the strengths of these development-friendly trade agreements. Therefore, these experiences provide valuable lessons for realizing the key objectives of the SDGs and the Doha Development Agenda.

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