The World Trade Organization should reorient from rule-making to dialogue
4,000 delegates from the WTO’s 166 members met in Abu Dhabi in late February and deliberated for five long days and nights. Tensions flared, with large players – most notably the US and India – flexing their muscles. Ultimately governments failed to agree on much although they did manage, at the last minute, to renew a commitment not to impose tariffs on digital trade for the next two years.
The WTO’s repeated failure to generate new rules has provoked considerable debate about its relevance and a myriad of proposals on how to get its rule-making and dispute settlement system ‘back on track’.… Seguir leyendo »