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Is It Time for an International Supply Chain Agreement?

It is no secret that the nature and function of global supply chains are a bit messy in design. Michitaka Nakatomi has taken a long, hard look at the state of the supply chain and has proposed the creation of an International Supply Chain Agreement. This is in reaction to the rise of mega FTAs such as the Trans-Pacific Partnership, which threaten to create, as he calls it, a “spaghetti bowl” of conflicting trade rules. Nakatomi envisions four possible scenarios of what happens with mega FTA governance, which he labels the euphoric scenario, the WTO 2.0 scenario, the spaghetti bowl/fragmentation scenario, and finally the scenario headed toward developing harmonized trade policy. His proposed international agreement would circumvent some of the issues inherent in these scenarios, and its basic principles are as follows:

  1. Creating the basis for future WTO rules
  2. Not undermining the Doha Round
  3. Extending resulting benefits to non-participants on a most-favored-nation basis in general
  4. Contributing to the elimination of the spaghetti bowl phenomenon in the rules
  5. Aiming to achieve an early conclusion
  6. Cooperating and consulting closely with the business community

What do you think? Might it be an improvement over where things seem to be headed right now?

About John Friscia

John Friscia is the Editor of Computer Aid's Accelerating IT Success. He began working for Computer Aid, Inc. in 2013 and continues to provide graphic design support for AITS. He graduated summa cum laude from Shippensburg University with a B.A. in English.

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