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Big Tech Firms and International Relations The World Trade Organization and the Digital Economy Partnership Agreement: Analog Trade Rules in a Digital Era

Big Tech Firms and International Relations : The World Trade Organization and the Digital Economy... [The multilateralism of post-Bretton Woods international entities, such as the WTO, World Bank, and International Monetary Fund, has been in a state of constant crisis since the failure of the Doha Round of WTO negotiations in 2001. The lack of consensus on tariffs for agricultural and industrial products led to fragile agreements and noncompliance by developed countries. Negotiations on the services sector made little progress, which boosted agreements parallel to the WTO, such as the Transatlantic Trade and Investment Partnership (TTIPTTIP), Trade in Services Agreement (TISA), and TPPTPP. The most recent development in the regulatory approach to digital trade by WTO member states is the Digital Economy Partnership Agreement signed in the middle of 2020, the year of the outbreak of the COVID-19 pandemic. There has been a lack of significant progress in multilateral negotiations on the inclusion of the specific fields of electronic commerce and digital trade in preferential trade agreements. However, the enormous scale achieved by Big Tech firmsBig Tech firms points to an acceleration of rule-making pertaining to this sector, as states develop their own legislation that effects international markets.] http://www.deepdyve.com/assets/images/DeepDyve-Logo-lg.png

Big Tech Firms and International Relations The World Trade Organization and the Digital Economy Partnership Agreement: Analog Trade Rules in a Digital Era

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Publisher
Springer Nature Singapore
Copyright
© The Editor(s) (if applicable) and The Author(s), under exclusive license to Springer Nature Singapore Pte Ltd. 2022
ISBN
978-981-19-3681-4
Pages
93 –114
DOI
10.1007/978-981-19-3682-1_4
Publisher site
See Chapter on Publisher Site

Abstract

[The multilateralism of post-Bretton Woods international entities, such as the WTO, World Bank, and International Monetary Fund, has been in a state of constant crisis since the failure of the Doha Round of WTO negotiations in 2001. The lack of consensus on tariffs for agricultural and industrial products led to fragile agreements and noncompliance by developed countries. Negotiations on the services sector made little progress, which boosted agreements parallel to the WTO, such as the Transatlantic Trade and Investment Partnership (TTIPTTIP), Trade in Services Agreement (TISA), and TPPTPP. The most recent development in the regulatory approach to digital trade by WTO member states is the Digital Economy Partnership Agreement signed in the middle of 2020, the year of the outbreak of the COVID-19 pandemic. There has been a lack of significant progress in multilateral negotiations on the inclusion of the specific fields of electronic commerce and digital trade in preferential trade agreements. However, the enormous scale achieved by Big Tech firmsBig Tech firms points to an acceleration of rule-making pertaining to this sector, as states develop their own legislation that effects international markets.]

Published: Aug 6, 2022

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