Priorities for reforming the WTO / Priorități de reformare a OMC

The article examines how the WTO (World Trade Organization) is implementing reforms to maintain its role as a forum for multilateral negotiations and global trade arbiter. Economic crises cause increased protectionism, but the WTO itself has been in crisis for some time and cannot fully withstand th...

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Main Author: LOBANOV Natalia
Format: Article
Language:English
Published: Free International University of Moldova 2022-11-01
Series:EcoSoEn: Ştiinţe Economice, Sociale şi Inginereşti = Economics, Social and Engineering Sciences
Subjects:
Online Access:https://ibn.idsi.md/ro/vizualizare_articol/168832
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author LOBANOV Natalia
author_facet LOBANOV Natalia
author_sort LOBANOV Natalia
collection DOAJ
description The article examines how the WTO (World Trade Organization) is implementing reforms to maintain its role as a forum for multilateral negotiations and global trade arbiter. Economic crises cause increased protectionism, but the WTO itself has been in crisis for some time and cannot fully withstand the return of trade barriers. It is especially important at a time when global solutions are essential to set priorities that make economic globalization more open, inclusive, balanced and beneficial for all by updating rules and strengthening safeguards. We note that the WTO is to be reformed to address current issues such as its negotiating function, dispute settlement system and transparency in its work.
format Article
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institution Kabale University
issn 2587-344X
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publisher Free International University of Moldova
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series EcoSoEn: Ştiinţe Economice, Sociale şi Inginereşti = Economics, Social and Engineering Sciences
spelling doaj-art-87676854f204484a848a011b5e43867d2025-01-13T11:58:53ZengFree International University of MoldovaEcoSoEn: Ştiinţe Economice, Sociale şi Inginereşti = Economics, Social and Engineering Sciences2587-344X2022-11-013-45613https://doi.org/10.54481/ecosoen.2022.3-4.01Priorities for reforming the WTO / Priorități de reformare a OMCLOBANOV Natalia0https://orcid.org/0000-0003-3800-9038Academy of Economic Studies of Moldova, Chișinau The article examines how the WTO (World Trade Organization) is implementing reforms to maintain its role as a forum for multilateral negotiations and global trade arbiter. Economic crises cause increased protectionism, but the WTO itself has been in crisis for some time and cannot fully withstand the return of trade barriers. It is especially important at a time when global solutions are essential to set priorities that make economic globalization more open, inclusive, balanced and beneficial for all by updating rules and strengthening safeguards. We note that the WTO is to be reformed to address current issues such as its negotiating function, dispute settlement system and transparency in its work. https://ibn.idsi.md/ro/vizualizare_articol/168832wtomultilateral trading systemcrisispandemic
spellingShingle LOBANOV Natalia
Priorities for reforming the WTO / Priorități de reformare a OMC
EcoSoEn: Ştiinţe Economice, Sociale şi Inginereşti = Economics, Social and Engineering Sciences
wto
multilateral trading system
crisis
pandemic
title Priorities for reforming the WTO / Priorități de reformare a OMC
title_full Priorities for reforming the WTO / Priorități de reformare a OMC
title_fullStr Priorities for reforming the WTO / Priorități de reformare a OMC
title_full_unstemmed Priorities for reforming the WTO / Priorități de reformare a OMC
title_short Priorities for reforming the WTO / Priorități de reformare a OMC
title_sort priorities for reforming the wto prioritati de reformare a omc
topic wto
multilateral trading system
crisis
pandemic
url https://ibn.idsi.md/ro/vizualizare_articol/168832
work_keys_str_mv AT lobanovnatalia prioritiesforreformingthewtoprioritatidereformareaomc