In this study, we examine the recent trends in WTO e-commerce negotiations, which are currently at a deadlock, and analyze the economic effects of plurilateralization of e-commerce negotiations, which are rapidly emerging as an alternative to multilat...
In this study, we examine the recent trends in WTO e-commerce negotiations, which are currently at a deadlock, and analyze the economic effects of plurilateralization of e-commerce negotiations, which are rapidly emerging as an alternative to multilateral e-commerce negoti- ations that are currently at an important turning point. The plurilateral agreement, which traces its origins to the Tokyo Round of the GATT, is key to providing a foundation for global trade liberalization in a situation where multilateral agreements are stagnating due to sharp conflict of interests between advanced countries and developing ones.
According to the analysis, if this plurilateral agreement is made in an open form (Critical Mass) rather than a closed form (Annex IV), it will not only increase the level of welfare of the world as a whole, but also encourage developing countries to participate in additional negotiations. Ultimately, it was confirmed that further progress toward global trade liberalization can be expected. However, in order for this plurilateral agreement to function efficiently, it is essential for developed countries to provide incentives to developing countries. Because, although it is possible to improve the level of welfare of the entire world through an open plurilateral agreement, this is premised on a decrease in the welfare of developing countries, so it will be necessary to establish an appropriate incentives or compensation system for developing ones.