The service sector is evolving. New services and new modes of delivering existing services have increased the complexities of services negotiations in the WTO and in FTAs. The WTO negotiations focus on market access but FTAs tend to go beyond market access to seeking regulatory commitments from...

There is an increasing need for a system of international lending of last resort (ILLR) to provide a safety net in the event of financial crises in vulnerable countries as financial globalization deepens and spreads. Multilateral progress to address liquidity and solvency crises has been patchy...

This paper evaluates the special and differential treatment provisions in the WTO Agreement and examines whether there is truth in the averment made by certain developed countries that special and differential treatment (S&DT) provisions have made the WTO framework of rules and disciplines...

The G20 has emerged as a premier deliberative forum, involving leaders of some of the largest, systematically important countries of the world. Over the years, the G20 agenda has evolved to include pertinent issues for both developed countries and the emerging market economies. After the G20...

The Appellate Body of the WTO has been in abeyance since December 11, 2019. The situation has been brought about by the US veto on filling up vacancies in the Appellate Body on account of its dissatisfaction withits functioning. Although WTO Members have been discussing proposals to set the...

When Covid-19 was declared as a pandemic, countries administered lockdowns and stimulus packages were announced to address the deteriorating situation. For implementing these packages, routine control measures were simplified and often relaxed. The G20 countries were quick to react by...

For many years now, lack of progress in multilateral trade negotiations has been a major cause of concern among WTO members. With diversity in the economic situation of members and differences in their stages of development, delay in concluding trade agreements is inevitable. However, the...

Some initiatives in the ongoing debate on improving transparency and notifications as a part of talks on WTO reform seem to have been based on the false belief that compliance with notification requirements could be induced through threat of punitive action. Arguments made during discussions on...

Though economic relations between India and Korea have been strengthening, the current size of trade and investment between the two countries is relatively low compared to the size and structural complementarities of the two economies. In this context, the present paper analyses trade and...

Over the past two decades, India and Pakistan have been involved in several activities regar ding bilateral trade normalization. These developments have been concentrated around three periods: the late-1990s, mid-2000s, and early-2010s. Are these waves of trade-related activity reflected in...