As WTO members meet in Argentina, the organisation is in trouble -

As WTO members meet in Argentina, the organisation is in trouble

Credit: economist.com

  • Dec 07 2017 18:15About: 10 days ago
  • 16 views

“EVERYBODY meets in Buenos Aires,” said Cecilia Malmstrom, the European Union’s trade commissioner, days before heading there for the World Trade Organisation’s (WTO) biennial gathering of ministers, which opens on December 10th. Some non-governmental organisations have been blocked by the protest-averse Argentine authorities, but a meeting of people will indeed take place. One of minds is another matter.

Most participants can agree on one thing. The WTO, which codifies the multilateral rules-based trading system, needs help. President Donald Trump has railed against it and threatened to pull America out. Without American leadership, there is little hope of reaching new deals. And even as the WTO’s dealmaking arm is paralysed, the Trump administration is weakening its judicial one by starving it of judges.

Despite Mr Trump’s threats, America does not seem on the verge of crashing out of a system it helped to construct, to rely entirely on bilateral trade deals and...Continue reading

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“EVERYBODY meets Buenos Aires” said Cecilia Malmstrom European Union’s trade commissioner days before heading there World Trade Organisation’s (WTO) biennial gathering ministers which opens December 10th. Some non-governmental organisations have been blocked protest-averse Argentine authorities meeting people will indeed take place. minds another matter.Most participants agree thing. WTO codifies multilateral rules-based trading system needs help. President Donald Trump railed against threatened pull America out. Without American leadership little hope reaching deals. even WTO’s dealmaking paralysed administration weakening judicial starving judges.Despite Trump’s threats does seem verge crashing helped construct rely entirely bilateral deals and...Continue reading

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