The below is an off-site archive of all tweets posted by @pwgallagher ever

December 21st, 2017

@tgemiles Hi Tom, most RTAs recapitulate GATT/WTO. It’s the interesing bits that don’t that are candidates for upgr..twitter.com/i/web/status/9…hN

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Of course, it’s *not* a “trading system”. Governments don’t account for trade any more than they account for econom..twitter.com/i/web/status/9…Re

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Hard question: should plurilaterals exist only where their scale is sufficient to extend benefits on an MFN basis (..twitter.com/i/web/status/9…vw

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What about all those Annex 1 agreements of WTO? Merge essential GATS, Govt Procurement (SOE?), TRIPS obligations in..twitter.com/i/web/status/9…xa

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One way forward on system design is to work back from the common parts of successful P&RTAs to a compatible univers..twitter.com/i/web/status/9…y9

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Neither GATT nor WTO eliminated the scourge of anti-dumping (tailored protectionism). Private pricing decisions tha..twitter.com/i/web/status/9…Gu

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Trade transmits most market interventions across borders. It would be best to ban any that distorts competition (su..twitter.com/i/web/status/9…2M

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Although border/establishment regulations should be the primary target, regulation of a firm’s continuing operation..twitter.com/i/web/status/9…Zj

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Extensive private (MNE) networks of trade, technology & finance account for two-thirds+ of international exchange…twitter.com/i/web/status/9…uq

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A trading system serves but cannot complete the opening of borders. A borderless world might be more productive (mi..twitter.com/i/web/status/9…l6

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Plurilateral and regional trade agreements (P&RTA) are not the problem. Some have delivered net gains (although tha..twitter.com/i/web/status/9…9v

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Only one ambitious plurilateral (GATT 1948) swelled to multilateral scale. It codified big steps in (mostly autonom..twitter.com/i/web/status/9…Ky

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Narrow scope with broad scale works (ITA agreement). Smaller scale (contiguity) and more ambitious scope is a known..twitter.com/i/web/status/9…Ms

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Diverse geographies, histories, institutions, demographics impose a trade-off between the scope & scale of feasible..twitter.com/i/web/status/9…jE

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The sole assignment should be: cut international trade costs due to regulation. Targets could be any action or allo..twitter.com/i/web/status/9…XD

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The lesson of three failed systems since 1945 (ITO, GATT, ) is that to be effective and to endure changes that..twitter.com/i/web/status/9…Y8

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The system we have is outdated, over-complicated and weak where it should be strong. It needs not re-inforcement bu..twitter.com/i/web/status/9…T3

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Despite much disappointment with & MCM11, it’s not clear that USA, CHN, EU are ready, able..twitter.com/i/web/status/9…Ms

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