A new era at WTO: Challenges and opportunities ahead

February 17, 2021 The Cable 0 Comments

As she steps in to expedite the realization of WTO aspirations, with the aim of promoting open trade for the benefit of all, negotiating and administering rules for international trade and resolving disputes that may, and do arise, among its 164 members, we are confident the WTO has the best match for this role.

This is historical moment, on multiple fronts, for Dr. Okonjo-Iweala and the World Trade Center. The coronavirus pandemic has transformed the way we approach international trade and needs a desperate shift in business processes to focus to be ready for growth in a post-COVID-19 world. In recent times, the organization has struggled to prevent trade spats among member states, most notably the United States and China. Deep reforms are certainly needed to rebrand and reposition the organization. Some countries have unilaterally raised duties, and weaponized trade, using tariff as instruments of trade war, violating WTO rules with impunity. Read More.

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