Lowering trade barriers would contribute to all four of the likely main goals of the United Nations’ Post-2015 development agenda: poverty alleviation, ending hunger, reducing income inequalities and strengthening global partnerships for sustainable development (United Nations 2014). Among the possible strategies to reduce remaining price- and trade-distorting measures, five current opportunities stand out. The most beneficial involves multilaterally completing the stalled Doha Development Agenda (DDA) of the World Trade Organization (WTO). If that continues to prove to be too difficult politically to bring to a conclusion in the near future, three other opportunities considered here are the proposed Trans-Pacific Partnership (TPP), extending the free-trade area among the 10-member Association of South East Asian Nations to include China, Japan and South Korea (ASEAN+3), and freeing up trade among all APEC countries (a free trade area of the Asia-Pacific, FTAAP). One more potential opportunity involves bringing disciplines to export restrictions to match those for import restrictions, especially for farm products.
|Title of host publication
|Prioritizing Development: A Cost Benefit Analysis of the United Nations' Sustainable Development Goals
|Place of Publication
|Cambridge University Press
|Published - 2018