Trade multilateralism at risk

News Today 07.10.2021

The World Trade Organization (WTO) — the global trade body — is facing a serious existential crisis. The upcoming WTO ministerial meeting scheduled for next month in Geneva provides an opportunity to rescue this critical global institution from irrelevance. Created in 1995, during the heyday of neoliberalism, the WTO became a shining example of triumphant free-market capitalism. It championed a rule-based multilateral trading order. Critics of neoliberalism chastised the WTO for pushing the American imperialist agenda. (Read More)


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