Importance of the WTO decisions for the development of international trade

Authors

  • Leonid Vladimirovich Sabelnikov All-Russian Market Research Institute

Keywords:

The World Trade Organization, The General Agreement on Trade in Services, government procurement telecommunication, Ministerial Conference, customs administration, trade and environment, the Uruguay Round of Multilateral Trade Negotiations, financial services

Abstract

The article contains the analysis of the important economic decisions approved at the Uruguay Round of Multilateral Trade Negotiations, which resulted in the establishment of the WTO, and later. While the majority of the decisions improve the existing agreements for the WTO members, especially the General Agreement on Trade in Services, some of the other decisions have laid the foundations for new Agreements, for instance, concerning interdependence of international trade and environment. In the concluding part of the article the decisions adopted at the Ninth Ministerial Conference in December 2013 are analyzed. Besides the author makes conclusions, which could be useful for business, professional unions and governmental organizations of Russia seeking to increase the effectiveness of the participation of Russia in the WTO, taking into account the decision-making procedures and the orientation of the decisions to be adopted.

Author Biography

Leonid Vladimirovich Sabelnikov, All-Russian Market Research Institute

Doctor of Economics, Professor, Honored Scientist of Russia
Place of work, post: All-Russian Market Research Institute, Head of Department of International Trade and multilateral economic cooperation, Center for Basic Research Russian Academy of Foreign Trade, Chief Researcher

Published

2024-02-08

How to Cite

Sabelnikov, L. V. (2024). Importance of the WTO decisions for the development of international trade. Russian Foreign Economic Journal, (2), 26–35. Retrieved from https://journal.vavt.ru/rfej/article/view/1301

Issue

Section

World economy