conclusion to the Doha Round of the World Trade Organization (WTO) is urgently needed to mitigate the developmental divide by increasing trade between the industrialized and developing worlds. --

- What to Do?

This book details how the World Trade Organization must transform to free trade, fight climate change, and further sustainable development.

Combining theoretical analysis with insights derived from interactions with trade negotiators, this book analyzes the issues surrounding the creation of newtrade rules', addressing trade topics including the trade and development linkage.

Takes stock of current challenges to the world trading system and develops scenarios for the future.

The publication contains an explanation of Most Favored Nation (MFN) treatment and some of the key issues that arise in its negotiation, particularly the scope and application of MFN treatment to the liberalization and protection of foreign investors in recent treaty practice. The paper provides policy options as regards the traditional application of MFN treatment and identifies reactions by States to the unexpected broad use of MFN treatment, and provides several drafting options, such as specifying or narrowing down the scope of application of MFN treatment to certain types of activities, clarifying the nature of "treatment" under the IIA, clarifying the comparison that an arbitral tribunal needs to undertake as well as a qualification of the comparison "in like circumstances" or excluding its use in investor-State cases.