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The EU's Role in Global GovernanceThe Legal Dimension$
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Bart Van Vooren, Steven Blockmans, and Jan Wouters

Print publication date: 2013

Print ISBN-13: 9780199659654

Published to Oxford Scholarship Online: May 2013

DOI: 10.1093/acprof:oso/9780199659654.001.0001

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Institutional Aspects of Global Trade Governance from an EU Perspective

Institutional Aspects of Global Trade Governance from an EU Perspective

Chapter:
(p.145) 9 Institutional Aspects of Global Trade Governance from an EU Perspective
Source:
The EU's Role in Global Governance
Author(s):

Frank Hoffmeister

Publisher:
Oxford University Press
DOI:10.1093/acprof:oso/9780199659654.003.0010

This chapter explores the institutional aspects of global trade governance. The first section examines how decision-making functions in the WTO, and how WTO-related decisions are taken within EU. The second section conducts a similar inquiry in the context of G20 decision-making. On that basis, it addresses the following question: can the European Union, under the current institutional structure of the international trading system, live up to its constitutional commitment to contribute to ‘free and fair trade’ as laid down in Article 3(5) of the Treaty on European Union? In light of the analysis of WTO and G20 decision-making, the chapter presents a critical assessment on the need to reform the respective governance structures based on the ambitions stated in the EU Treaty.

Keywords:   international trade, trade policy, global governance, World Trade Organization, G20, European Union, free trade, fair trade, treaty on european union, governance structures

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