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Part VII Conclusion, Ch.41 The International Trading System—Looking to 2100

Daniel Bethlehem, Donald McRae

From: The Oxford Handbook of International Trade Law (2e) (2nd Edition)

Edited By: Daniel Bethlehem, Donald McRae, Rodney Neufeld, Isabelle Van Damme

From: Oxford Public International Law (http://opil.ouplaw.com). (c) Oxford University Press, 2023. All Rights Reserved.date: 20 May 2024

Subject(s):
Developing countries

The Conclusion poses the question of whether the international trading system, as an integral part of the rules-based international legal order, is fit for purpose, to carry the global trading community towards 2100. Its conclusion is that the international trading system is still deeply rooted in Westphalian notions of international engagement, which are both increasingly out-of-step with contemporary international society and detached from some of the core principles that informed the emergence of the international trading system 75 or so years ago. There is a need for radical revision, structurally, as regards applicable rules, and as regards the international law-making process and sources of law, particularly in light of the challenges to the multilateral system likely to be posed by the Russian invasion of Ukraine.

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