GDOT Recommendations

  The first set of debates, which concluded in March 2019, led to the following 10 recommendations for the creation of a trusted model of open trade and free enterprise that will work for everyone, every day and everywhere. The recommendations aim to provide guidance to stakeholders, as they consider the future of the rules-based multilateral trading system.

  • Distorting Trade Practices

    • Trade practices that lead to market distortions (e.g. overcapacity) can be better addressed within a multilateral framework than on a bilateral basis.
    • Timely notifications on market-distorting trade practices are important to ensure transparency among Members.
  • E-Commerce

    • Duty Moratorium on electronic transmissions is important for business and consumers and should be maintained.
    • Basic standards for digital trade in areas such as consumer protection and e-contracts should be implemented to facilitate and develop e-commerce.
    • Good regulatory practices, including cross-border data flows, should be part of an e-commerce agenda.
    • Close coordination between policy makers and businesses is crucial to develop global rules on e-commerce that can support stakeholders.
    • Digital technological developments can particularly benefit SMEs by allowing them to access international markets beyond their domestic markets. Policy makers should seek to maximize this positive effect
  • Plurilateral Approach

    •  Pursuing more flexible and pragmatic approaches to negotiations, instead of large multilateral single undertakings, is key in making progress on new rules at the WTO.
    • Plurilateral approaches on specific issues could therefore be a useful tool.
    • Plurilateral discussions such as the Joint Statement Initiatives processes, open to all, is one way of developing new rules.

Global Dialogue participants / contributors

Multilateral Organisations

The Global Dialogue on Trade mobilises a range of multilateral organisations and agencies from around the world to actively engage in global consultations.

Business

As experienced users of the multilateral trading system businesses worldwide have a vested interest in shaping the future of trade.

Think Tanks/Academia

The Global Dialogue on Trade brings the unique expertise of think tanks and academic institutions to the debate.

Events

Forthcoming interactions between Global Dialogue and intergovernmental processes.

Newsroom

How hard has China been hit by the trade war?

The trajectory of trade talks seems to vary on a daily basis, but the actual impact on China from the long-running tussle with the US will become clearer with the release of a raft of export data.

Financial Times