1945

Towards fairness and transparency in global trade

Our analysis is based on two premises: first, institutions and rule setting are essential for achieving fairness and transparency in international trade, and second, institutional cooperation can strengthen deliberations and decisionmaking processes. In order to enhance fairness in international trade, we need to strengthen existing relations between the WTO and other international institutions, increase inter-institutional cooperation in the production of norms, expand the use of WTO observer status and make increased cross-reference to non-WTO norms in WTO dispute settlement possible. Fairness in trade may also require a sharper focus on social solidarity ethics, which is defined to include the values of development, respect for the environment and social justice.

Related Subject(s): International Trade and Finance
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