Shaping multilateral trade: The changing institutional landscape
2024
Peralta, Gloria Abraham | Campos Azofeifa, Adriana
This chapter highlights the fact that many international trade stakeholders agree on the urgent need to strengthen the multilateral trade system and its governing body, the World Trade Organization (WTO). This will mean that the WTO will need to strengthen its intrinsic negotiating function, in particular its ability to achieve results in different processes in the trade agenda, and particularly in the negotiations on agriculture. Indeed, it has failed to completely fulfill its mandate to deepen the reform process, through the adoption of key disciplines in the major negotiation pillars, among them, domestic support, export restrictions and the search for innovative options to fulfill the Bali mandate on the establishment of public entities to promote food security. Moreover, negotiations on other issues that are relevant to a significant group of countries, such as market access, are moving at their own pace. Undoubtedly, tackling major challenges such as food security and climate change will require innovation and the adoption of new technologies and science, in order to increase production and the productivity of agrifood systems. Production volume, quality and sustainability must be improved, without losing sight of the fact that producers are social and economic players in the countries whose economic activity must be profitable. It must also be mentioned that trade and national production play an important role in achieving global food security.
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