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Completing the World Trading System:Proposals for a Millennium Round Description

Unimpeded world trade is still a dream. We may have virtually eliminated borders, but persistent discriminatory measures within borders – in the shapes of restrictive investment policies, inappropriate regulatory interference, and restraints on competition – still have the power to stifle foreign entrants to domestic markets.

Completing the World Trading System proposes to confront these trade-distorting forces at a new round of the World Trade Organization (WTO). Drawing on many years of international trade law practice and policymaking, the authors present a detailed agenda designed to:

deepen market access for all goods, services, and intellectual property facilitate and protect investment by foreign enterprises

overcome disparities of national regulatory schemes

ensure nondiscriminatory business operation in foreign markets

reinforce and support evolving international economic realities

This timely, forward-looking book also shows how major regional trading arrangements have in fact achieved deeper economic integration than the WTO regime. Incorporating this evidence--as well as other proposals from the academic and policy communities--Completing the World Trading System crystallizes the most important trends in current international trade law.

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