After a long pause, the negotiations under the auspices of the World Trade Organization (WTO) have shown some signs of progress at the recent summit at Bali. Simultaneously, the United States has begun to move ahead with two large preferential trade arrangements: the Transpacific Partnership (TPP) and Transatlantic Trade and investment Partnership (TTIP). These developments raise some serious issues for the future of the global trading system. This conference brought together the leading trade economists, legal experts specializing in trade, and practitioners from various international institutions including the WTO and the OECD to shed light on the future of the global trading system. The conference was sponsored by Columbia University's School of International and Public Affairs, the Center on Global Economic Governance, the Program on Indian Economic Policies, and the School of Advanced International Studies at Johns Hopkins University.

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