Distinguished Speaker Series: Report on Revitalizing Multilateral Governance at the World Trade Organization | Asian Development Bank

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Distinguished Speaker Series: Report on Revitalizing Multilateral Governance at the World Trade Organization

Event | 3 September 2018 ADBI, Tokyo, Japan

Speaker: Bernard Hoekman
Affiliation: European University Institute
Time: 16:00–17:30

Background

If international trade were not governed by rules, mere might would dictate what is right. The World Trade Organization (WTO) serves as a place where trade policy issues are addressed, disputes arbitrated, and legal frameworks derived and enforced. Through these functions, the WTO ensures that the rules of trade policy are inspired by fairness and reciprocity rather than national interest. It is more important than ever to vitalize the global public good that it represents against various threats that have been undermining it.

The Global Economic Dynamics project of the Bertelsmann Stiftung has called into life the High-Level Board of Experts on the Future of Global Trade Governance, composed of eminent experts and seasoned trade diplomats, to recommend policies to increase the WTO’s effectiveness and salience.

Bernard Hoekman, the board’s chair, will present their report, Revitalizing Multilateral Governance at the World Trade Organization. It provides helpful suggestions in a time marked by increasing trade disputes and protectionism, and instead contributes to stronger multilateral institutions and forums.

About the speaker

Bernard Hoekman is professor and director of global economics at the Robert Schuman Centre for Advanced Studies, European University Institute in Florence, Italy. Prior positions include director of the International Trade Department and research manager in the Development Research Group of the World Bank. He was an economist in the GATT Secretariat and held visiting positions at SciencesPo, Paris.

Discussants:

  • Willem Thorbecke, Research Institute of Economy, Trade and Industry (RIETI)
  • Kazuhito Yamashita, Canon Institute for Global Studies
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