An Opportunity for the WTO
The World Trade Organization has long swept its problems – from flawed rules for granting members “special and differential treatment” to an unworkable understanding of consensus – under the rug. If it doesn't take action soon to reform and upgrade its functioning, it may well become increasingly irrelevant.
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ONTARIO – This December, trade ministers from around the world will converge in Buenos Aires for the World Trade Organization’s 11th Ministerial Conference. With the United States, which has historically led the world toward trade liberalization, now actively stoking trade tensions, the meeting is set to be unlike any other.