Today’s supply chain disruptions reaffirm the importance of a multilateral trading system based on WTO Rules

June 7, 2023 AELEX Admin 0 Comments

WTO Chief Economist, Ralph Ossa, in this article discussed how economic security has come to the forefront of policy discussions, as a series of crises — most recently the COVID-19 pandemic and the war in Ukraine — have disrupted global supply chains. Further highlighted the benefits of a strong multilateral trading system based on the rules of the World Trade Organization (WTO). Arguing that such a system is the best guarantor of economic security because it provides households and firms affected by supply shortages with unparalleled flexibility.

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