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The Political Economy of the World Trading SystemWTO and Beyond$
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Bernard Hoekman and Michel Kostecki

Print publication date: 2001

Print ISBN-13: 9780198294313

Published to Oxford Scholarship Online: November 2003

DOI: 10.1093/019829431X.001.0001

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Towards Deeper Integration? The ‘Trade and’ Agenda

Towards Deeper Integration? The ‘Trade and’ Agenda

(p.413) 13 Towards Deeper Integration? The ‘Trade and’ Agenda
The Political Economy of the World Trading System

Bernard M. Hoekman

Michel M. Kostecki (Contributor Webpage)

Oxford University Press

The general issue of dealing with ’behind the border’ regulation is discussed in the WTO (World Trade Organization) context, and an introduction provided to the main issues that are likely to be prominent on the multilateral negotiating agenda in the coming decade. A key question is to identify the rationale for––and objectives behind––proposals to address a specific issue in the WTO, and determine what type of cooperation is appropriate, if any. Various issues that are likely to be on the negotiating agenda for some time to come, including competition (anti‐trust) policy, labour standards, trade facilitation, and investment and environmental policies, are discussed. The sections of the chapter are as follows: Contestability of markets as a criterion; Foreign direct investment policies; Competition law; Trade facilitation; Environmental policies; Social policies and labour standards; Domestic regulation; and Conclusion.

Keywords:   anti‐trust policy, competition law, competition policy, cooperation, domestic regulation, environmental policy, foreign direct investment, integration, investment, labour standards, markets, multilateral negotiation, negotiation, regulation, social policy, trade facilitation, trade policy, World Trade Organization, WTO

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