Multilateral Trading System And Trade Policies: Is Proteting In Import An Easy Task?
Abstract
The issue of protecting domestic industries against competition of foreign industries is a major argument among trade policy debates. While main argument concentrates on protecting against foreigners’ unfair practices, a lot of reasons can be put forward for protection under fair competition as well. Textbooks, related with international economics and international trade are full of protective policy measures and economic analysis of them. Trade unions, employers’ unions, business NGOs and political parties still believe in that protecting domestic industries is an easy policy choice; and are exerting pressures on governments toward this direction. However, the developments, such as the increase of mutual economic dependency among countries, the internalization of production and supply chains and ever increasing recognition by almost all trading nations of the discipline of multilateral trading system since the beginning of the second half the 20th century, especially after 1980s, have made obsolete most of the policy tools of the past and their rezoning. Laid the foundation in 1948 with the enactment of the GATT and reinforced by the establishment of the WTO in 1994, multilateral trading system has disciplined the protectionism to a considerable extent. Protectionism in traditional sense is no more a trade policy tool which can easily be used today.
Keywords
References
- Agreement Customs Valuation (1994). www.wto.org (16.12.2015)
- Agreement on Antidumping (Agreement on Implementation of Article VI of the General
- Agreement on Tariffs and Trade (1994). www.wto.org (14.12.2015)
- Agreement on Import Licenses (1994). www.wto.org (16.12.2105)
- Agreement on Preshipment Inspection. (1994). www.wto.org (22.12.2015)
- Agreement on Rules Origin (1994). www.wto.org (22.12.2015)
- Agreement on Safeguard (1994). www.wto.org (14.12.2015) Agreement on Sanitary and Photosanitay Measures. www.wto.org (12.12.2015)
- Agreement on Subsidies and Countervailing Measures. (1994). www.wto. org. (9.12.2015)
Details
Primary Language
English
Subjects
-
Journal Section
Research Article
Authors
Hasan Parıltı
This is me
HALİÇ ÜNİVERSİTESİ, İŞLETME FAKÜLTESİ, ULUSLARARASI TİCARET VE İŞLETMECİLİK BÖLÜMÜ
Publication Date
December 1, 2015
Submission Date
September 9, 2015
Acceptance Date
-
Published in Issue
Year 2015 Volume: 65 Number: 2