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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 -
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 -
Zamir Ahmed Awan: Currency swap deals good for developing countries
The global trade is dependent on US dollar and whenever the US wants to punish any country, it easily imposes sanctions and freezes its accounts. An overall vulnerability has long been felt, but no country was able to challenge the dollar as an internationally acceptable currency for global trade.
November 27 , 2018 -
Wang Huiyao: Fair winds expected from Buenos Aires
A decade after the first G20 leaders meeting in Washington, world leaders will meet this week in Buenos Aires, Argentina, for the 2018 G20 Summit. This time is different due to an expected sidelines bilateral meet-up that the world is keeping a close eye on.
December 06 , 2018 -
Jorge Heine: A ‘make or break’ G20 summit in Buenos Aires
Much, if not most, of the media attention at the 13th G20 summit in Buenos Aires this weekend will not be on the meeting itself, but rather on a dinner held on the sidelines of it, that is, the one between US President Donald Trump and Chinese President Xi Jinping. Admittedly, much is at stake in the latter, and not just on matters of trade and global economic governance. As the world economy tatters, expectations are that some kind of truce in the trade war between the planet’s two largest economies will be declared.
December 06 , 2018
