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Trade Policy Flexibility and Enforcement in the WTO

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  • Schropp,Simon A. B.

Abstract

The World Trade Organization (WTO) is an incomplete contract among sovereign countries. Trade policy flexibility mechanisms are designed to deal with contractual gaps, which are the inevitable consequence of this contractual incompleteness. Trade policy flexibility mechanisms are backed up by enforcement instruments which allow for punishment of illegal extra-contractual conduct. This book offers a legal and economic analysis of contractual escape and punishment in the WTO. It assesses the interrelation between contractual incompleteness, trade policy flexibility mechanisms, contract enforcement, and WTO Members' willingness to co-operate and to commit to trade liberalization. It contributes to the body of WTO scholarship by providing a systematic assessment of the weaknesses of the current regime of escape and punishment in the WTO, and the systemic implications that these weaknesses have for the international trading system, before offering a reform agenda that is concrete, politically realistic, and systemically viable.

Suggested Citation

  • Schropp,Simon A. B., 2009. "Trade Policy Flexibility and Enforcement in the WTO," Cambridge Books, Cambridge University Press, number 9780521761208, January.
    • Handle: RePEc:cup:cbooks:9780521761208
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    Cited by:

    1. Tanu M. Goyal, 2021. "Technology Uncertainty and Incompleteness in Trade Agreements: Reflections from the Design of India’s Bilateral Agreements Covering Services," Foreign Trade Review, , vol. 56(3), pages 322-340, August.
    2. William Phelan, 2015. "Enforcement and Escape in the Andean Community: Why the Andean Community of Nations is Not a Replica of the European Union," Journal of Common Market Studies, Wiley Blackwell, vol. 53(4), pages 840-856, July.

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