Araştırma Makalesi

THE ISSUES OF SCOPE AND LEGAL STATUS IN WTO – IMF CONSULTATIONS

Cilt: 14 Sayı: 1 1 Temmuz 2024
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THE ISSUES OF SCOPE AND LEGAL STATUS IN WTO – IMF CONSULTATIONS

Öz

In designing the international economic governance system after the Second World War, trade and finance, due to the close connection between them, were addressed as parts of a whole. A predictable and stable international monetary system was recognized as prerequisite for healthy and sustainable trade. However, these two issues were regulated under different institutional structures, by envisaging close cooperation and coordination. The International Monetary Fund (IMF), designed to be responsible for international finance and monetary issues, was established in 1944. The International Trade Organization (ITO) was designed to address international trade, while the General Agreement on Tariffs and Trade (GATT), with a limited scope, was temporarily put into implementation in January 1, 1948 to provide rapid tariff reductions until the ratification of ITO Charter. The ITO became still-born as it was not approved by national parliaments, especially the USA, and international trade continued to be regulated by the GATT. The GATT, with its unique organizational structure that gradually developed, continued its existence until the establishment of the World Trade Organization (WTO) in 1995 and hosted international trade negotiations. WTO, with more advanced legal and institutional structure, took over the functions of the GATT. Formal consultation procedures have constituted an important part of the cooperation between the GATT/WTO and the IMF in the context of the management of international trade and monetary/financial system. These procedures differ from traditional cooperation activities between international organizations and have a special character. It is regulated in a binding language as an obligation for the relevant WTO bodies to apply for consultations with the IMF on certain issues and to comply with the inputs received from the IMF. There are some points open to interpretation regarding the scope of the consultations and the binding and functional status of IMF inputs in the WTO. This study discusses the issues of scope and legal status.

Anahtar Kelimeler

Kaynakça

  1. Ahn, Dukgeun. “Linkages between International Financial and Trade Institutions: IMF, World Bank and WTO”. Journal of World Trade 34, no. 4 (2000): 1-36.
  2. Analytical Index of the GATT on Article XV. Access Date: 21 February 2023. https:// www.wto.org/english/res_e/publications_e/ai17_e/gatt1994_art15_gatt47.pdf.
  3. Foltea, Marina. International Organizations in WTO Dispute Settlement: How Much Institutional Sensitivity? Cambridge: Cambridge University Press, 2012.
  4. GATT, Documentation for Article XII:4(b) and Article XVIII:3(b) Consultations; Note by the Chairman of the Committee on Balance-of-Payments Restrictions (L/3388), 27 April 1970. Access Date: 06 June 2023. https://docs.wto.org/gattdocs/q/GG/ L3799/3388.PDF.
  5. GATT, First Report of the Working Party on United Kingdom Import Deposits (L/3193), 3 April 1969. Access Date: 06 June 2023. https://www.wto.org/gatt_docs/English/ SULPDF/90820027.pdf.
  6. GATT, Procedures for Regular Consultations on Balance-Of-Payments Restrictions with Developing Countries, L/3772/Rev.l, 10 January 1973 (As approved by the Council of Representatives on 19 December 1972). Access Date: 27 February 2023. https://docs. wto.org/gattdocs/q/GG/L3799/3772R1.PDF.
  7. GATT, Report of the Working Party on United States Temporary Inport Surcharge (L/3573), 13 September 1973. Access Date: 06 June 2023. https://docs.wto.org/ gattdocs/q/GG/L3799/3573.PDF.
  8. GATT Disputes, https://gatt-disputes.wto.org/disputes.

Ayrıntılar

Birincil Dil

İngilizce

Konular

Hukuk ve Beşeri Bilimler, Kamu Hukuku (Diğer)

Bölüm

Araştırma Makalesi

Yayımlanma Tarihi

1 Temmuz 2024

Gönderilme Tarihi

18 Şubat 2024

Kabul Tarihi

2 Mayıs 2024

Yayımlandığı Sayı

Yıl 2024 Cilt: 14 Sayı: 1

Kaynak Göster

APA
Göker, M. (2024). THE ISSUES OF SCOPE AND LEGAL STATUS IN WTO – IMF CONSULTATIONS. Akdeniz Üniversitesi Hukuk Fakültesi Dergisi, 14(1), 117-147. https://doi.org/10.54704/akdhfd.1439203
AMA
1.Göker M. THE ISSUES OF SCOPE AND LEGAL STATUS IN WTO – IMF CONSULTATIONS. AkdHFD. 2024;14(1):117-147. doi:10.54704/akdhfd.1439203
Chicago
Göker, Mustafa. 2024. “THE ISSUES OF SCOPE AND LEGAL STATUS IN WTO – IMF CONSULTATIONS”. Akdeniz Üniversitesi Hukuk Fakültesi Dergisi 14 (1): 117-47. https://doi.org/10.54704/akdhfd.1439203.
EndNote
Göker M (01 Temmuz 2024) THE ISSUES OF SCOPE AND LEGAL STATUS IN WTO – IMF CONSULTATIONS. Akdeniz Üniversitesi Hukuk Fakültesi Dergisi 14 1 117–147.
IEEE
[1]M. Göker, “THE ISSUES OF SCOPE AND LEGAL STATUS IN WTO – IMF CONSULTATIONS”, AkdHFD, c. 14, sy 1, ss. 117–147, Tem. 2024, doi: 10.54704/akdhfd.1439203.
ISNAD
Göker, Mustafa. “THE ISSUES OF SCOPE AND LEGAL STATUS IN WTO – IMF CONSULTATIONS”. Akdeniz Üniversitesi Hukuk Fakültesi Dergisi 14/1 (01 Temmuz 2024): 117-147. https://doi.org/10.54704/akdhfd.1439203.
JAMA
1.Göker M. THE ISSUES OF SCOPE AND LEGAL STATUS IN WTO – IMF CONSULTATIONS. AkdHFD. 2024;14:117–147.
MLA
Göker, Mustafa. “THE ISSUES OF SCOPE AND LEGAL STATUS IN WTO – IMF CONSULTATIONS”. Akdeniz Üniversitesi Hukuk Fakültesi Dergisi, c. 14, sy 1, Temmuz 2024, ss. 117-4, doi:10.54704/akdhfd.1439203.
Vancouver
1.Mustafa Göker. THE ISSUES OF SCOPE AND LEGAL STATUS IN WTO – IMF CONSULTATIONS. AkdHFD. 01 Temmuz 2024;14(1):117-4. doi:10.54704/akdhfd.1439203


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