Wed 29 September 2021
By Dr Xue BAI
The COVID-19 pandemic has provided a unique opportunity for governments across the globe to reconsider its role in the multilateral trading system and the question of whether these unprecedented times and challenges call for reengineering the world trading system and a further retreat from trade liberalisation.
UNSW Law’s Herbert Smith Freehills China International Business and Economic Law (CIBEL) Centre member Associate Professor Weihuan Zhou‘s latest co-edited book, titled ‘Rethinking, Repackaging, and Rescuing World Trade Law in the Post-Pandemic Era’ explores the ways to 'rethink', 'repackage' and 'rescue' world trade law in the (post-)COVID-19 era. Using the COVID-19 pandemic as an important context, the book makes original and critical contributions to the growing debate over a range of emerging challenges and systemic issues that might change the landscape of world trade law in the years to come.
Authored by leading practitioners and scholars, this book offers multiple perspectives and rigorous analysis of whether and how the existing trade institutions and/or rules, including their latest developments, may provide room to deal with pandemic-induced trade-related issues, sustainable development goals, future crises and other existential threats to the multilateral trading system.
This book has attracted great interest and received highly favourable comments from experts on WTO and international economic law.
For Pamela Coke-Hamilton, Executive Director, International Trade Centre, Switzerland, this book “reinforces the importance of the multilateral trading system and provides thought-provoking reflections on the future regulation of international trade given many of the contemporary issues we are grappling with such as the recovery from the pandemic and the need to better reflect sustainability concerns in our trade discourse. A very timely intervention, and a must read.”
James Bacchus, Distinguished University Professor of Global Affairs, University of Central Florida, USA commented that:
“At a time when the World Trade Organization is much in need of new ideas for reform and modernization, the authors of this book offer ideas aplenty ... This collection of essays by leading scholars from throughout the world will be of immense benefit to trade negotiators and to other trade policymakers as they strive to write new and improved rules for world trade while also ensuring that trade affirmatively supports health, environment, and the other Sustainable Development Goals of the United Nations.”
Anabel González, Deputy Director General, World Trade Organization; Former Trade Minister, Costa Rica endorsed this book as “a not-to-be-missed book”. She continued that “The WTO is at a crossroads. After years of embattlement, there is an opportunity to update its framework, reinstitute the dispute settlement mechanism and improve the way in which the organization works. Creative and innovative ideas are needed to move forward. This book explores just that ...”
This book seeks to reinforce the importance of international cooperation and the pressing need to reinvigorate the world trading system. The pandemic has provided a unique opportunity for governments to rebuild the political will needed for such cooperation. One should never let a serious crisis go to waste.
This book has been published on 23 September 2021 and is now available for order.