Author:
Martin Antoine,Mercurio Bryan
Abstract
Purpose
This paper aims to reflect on the outcomes of the Nairobi Ministerial Conference of 2015, which, for all intents and purposes, put the Doha Round to rest and analyses the policy implications and lessons for policymaking at the World Trade Organization (WTO), most importantly the abandonment of the “single undertaking” and return to plurilateral agreements.
Design/methodology/approach
The paper approaches the issue of WTO policymaking by analysing the various outputs produced both before and because of the Ministerial Conference.
Findings
The paper suggests that the Nairobi Ministerial has finally put an end to the Doha Round and comes to the conclusion that policymaking at the multilateral level (i.e. through the single undertaking) will change significantly in the future because the WTO Members are incapable of reaching a comprehensive agreement at this time. Instead, the current trend towards trade policymaking via FTA is likely to continue while the WTO focuses on plurilateral negotiations on narrow and discreet issues.
Originality/value
The paper contributes to the literature on the analysis of global regulatory fragmentation and on trade policymaking. It draws attention, in particular, to the consequences of the last Ministerial Conference and highlights prospects for the future of global trade regulation.
Subject
Law,Political Science and International Relations,General Economics, Econometrics and Finance,Industrial relations
Cited by
10 articles.
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