The Future of Trade: The Challenges of Convergence

This report examines challenges to global trade in the 21st century, considering the drivers of future trade, patterns, and the opening of global trade, with a focus on sustainable development, growth, jobs, and poverty alleviation.

(Generated with the help of GPT-4)

The research method involved the Panel on Defining the Future of Trade holding three meetings, consultations, and discussions with various stakeholders in different locations. Inputs were also gathered through a dedicated website for public comments and a report by a panel member, Talal Abu-Gazaleh, titled “WTO at the Crossroads.”

(Generated with the help of GPT-4)

The WTO's Panel on Defining the Future of Trade, convened by Director-General Pascal Lamy, explores profound transformations in the global economy and their implications for trade policy. The report discusses the contributions of trade to welfare, the impact of technological advances, the rise of international value chains, and the proliferation of preferential trade agreements. It also addresses the increasing role of non-tariff measures and the need for a principles-based multilateral trading system that accommodates different levels of development. The report concludes with recommendations for action and further reflection to address the stasis in trade negotiations and the risks of economic, social, and political costs worldwide.

(Generated with the help of GPT-4)

Categories: English publication language | Global geographic scope | development levels | economy | global economy | growth | international value chains | multilateral trading system | non-tariff measures | preferential trade agreements | society (growth and development) | sustainable development | technological advances | trade patterns | trade policy recommendations