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Wang Huiyao: WTO reform deemed both imperative and beneficial
Over the past 20 years, the WTO has played a critical role in the economic development of nations all over the world, and has been the primary impetus for economic globalization. However, for more than a decade now, the development of the WTO has stagnated due to irreconcilable differences between developed and developing countries. This can be seen in the demise of the Doha Round of talks. With WTO talks deadlocked, the current US administration has adopted an increasingly negative attitude toward the institution, choosing to abandon multilateralism and instead relying on bilateral talks to resolve trade issues. Furthermore, US President Donald Trump has repeatedly threatened to pull the US out of the WTO. These developments constitute an unprecedented challenge to the multilateral trading system that has done so much to reduce trade barriers and promote the spirit of free trade since World War II.
October 14 , 2018 -
Cheng Shuaihua: 3 things the G20 can do to save the WTO
This week, trade and investment ministers from the G20 will gather at Mar del Plata in Argentina for the first time since the tariff dispute started in the spring of 2018.
September 14 , 2018
