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May 2012 12-P-009 Research Project Case Studies and Future Directions of the Global Trading System and Governance Download / Links Download paper [PDF:635KB] 　　　　 Abstract Since the establishment of the WTO in 1995, major changes and liberalization of its rules have been realized by issue-based plurilateral agreements, as exemplified by the Financial Services and Telecommunication Services Agreement, the Information Technology Agreement (ITA), and the Anti-Counterfeiting Trade Agreement (ACTA). The WTO Doha Round is in a stalemate under the principle of consensus decision making and a single undertaking, leading to accelerating competition among free trade agreements (FTAs)/regional trade agreements (RTAs). In order to maintain global governance of the trade regime, the necessity for utilizing issue-based plurilateral agreements is expected to increase. Based primarily on the analyses of the ITA and the ACTA in which the author was heavily involved, this paper looks at the various issues related to issue-based plurilateral agreements from multi-faceted angles including legal and proposes the utilization of plurilateral agreements and their limitations. It analyzes, inter alia, 1) Necessity and Characteristics, 2) Incorporation into WTO Agreements and Limitations, 3) Ensuring Consistency with Existing WTO Agreements and Limitations, 4) Relationships with Non-participating WTO Members in Rights and Obligations, 5) Secretariat Functions, 6) Incentives for Non-participants to Participate, and so forth, and also proposes possible specific areas/issues where issue-based plurilateral agreements can be developed.This paper is the English version of an excerpt from the Japanese Policy Discussion Paper (12-P-002) with some additional information and changes.Attachments [PDF:2.0MB] Research/Policy Papers Discussion Papers (English) Discussion Papers (Japanese) Policy Discussion Papers (English) Policy Discussion Papers (Japanese) Technical Papers (English) Technical Papers (Japanese) Non Technical Summaries List of Articles Published in Peer-reviewed Academic Journals Research Digest Links Discussion Papers Search Communications Newsletter RSS Feed Facebook X YouTube Research Areas Research Programs (FY2024-2028) Research Programs (FY2020-2023) Research Programs (FY2016-2019) Research Programs (FY2011-2015) Policy Research Domains (FY2006-2010) Projects Survey Fellows Research/Policy Papers Discussion Papers (English) Discussion Papers (Japanese) Policy Discussion Papers (English) Policy Discussion Papers (Japanese) Technical Papers (English) Technical Papers (Japanese) Non Technical Summaries List of Articles in Journals Research Digest Discussion Papers Search Publications RIETI Books (English) RIETI Books (Japanese) History of Japan's Trade and Industry Policy Authors' Words Other Publications (English) Other Publications (Japanese) Events Symposiums Workshops BBL Seminars Archived Seminar Series Data JIP Database R-JIP Database CIP Database Industry-Specific Nominal and Real Effective Exchange Rates AMU and AMU Deviation Indicators JSTAR RIETI-TID RIETI FDI Database ICPA Project Links Articles Column Special Series Newspapers & Magazines Fellows' Works VoxEU Column From IZA Perspectives from Around the World Other Contents RIETI Report Policy Update Keizai Sangyo Journal (METI Journal) About RIETI Privacy Policy Site Policy Site Map Help Contact METI Web Site Research Institute of Economy, Trade and Industry, IAA (JCN 6010005005426)JCN: Japan Corporate Number Opinions expressed or implied on this website are solely those of the author, and do not necessarily represent the views of the Research Institute of Economy, Trade and Industry (RIETI).Titles, numbers, specific names, etc. on this website are as of the date of publication. 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