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g20 hangzhou summit

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4 - Why Don’t We Have a WITO? G20, TPP and WTO
from Part II - China, BRI and International Trade Dispute Resolution
- By Guohua Yang
Edited by Wenhua Shan, Xian Jiaotong University, China, Sheng Zhang, Xian Jiaotong University, China, Jinyuan Su
Book:

China and International Dispute Resolution in the Context of the ‘Belt and Road Initiative’

Published online:

03 March 2021

Print publication:

18 February 2021, pp 78-96
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Summary

It analyses the trade outcomes of the G20 Hangzhou Summit, by revealing its position on strengthening the multilateral trading system, advancing negotiations on Doha issues, ratifying the Trade Facilitation Agreement, opposing protectionism on trade and supporting plurilateral trade agreements like Environmental Goods Agreement. It points out that the G20 Hangzhou Summit will be beneficial to the development of both WTO and G20. It also discusses specifically the importance of including issues in regional trade arrangements, the possibility of establishing a World Investment and Trade Organization (WITO) and the role of China in this aspect.