WTO conference ends in division and stalemate – does the global trade body have a viable future?

  • 📰 _TCglobal
  • ⏱ Reading Time:
  • 48 sec. here
  • 2 min. at publisher
  • 📊 Quality Score:
  • News: 23%
  • Publisher: 83%

Australia News News

Australia Latest News,Australia Headlines

The recent World Trade Organization conference in Abu Dhabi has again failed to resolve any of the big issues on the table. Power relations rather than rule-based negotiation will fill the void.

The 13th World Trade Organization ministerial conference in Abu Dhabi has failed to resolve any issues of significance, raising the inescapable question of whether the global trade body has a future.

will be more and more characterised by power relations than the rule of law, and that will be a problem notably for smaller countries and for developing countries. Critical negotiations were conducted through controversial “green rooms”. These were where the handpicked “double quad” members – the US, UK, European Union, Canada, China, India, South Africa and Brazil – tried to broker outcomes to present to the rest for “transparency”.

The EU failed to secure progress on improvements to the appeal process. Likely Republican presidential nominee Donald Trump has already announced he would impose massive WTO-illegal tariffs on China if elected. Domestic and global agendas India’s equally uncompromising positions also reflected domestic priorities. The 2013 Bali ministerial conference promised developing countries a permanent solution to prevent legal challenges to India’s subsidised stockpiling of food for anti-hunger programmes.

 

Thank you for your comment. Your comment will be published after being reviewed.
Please try again later.
We have summarized this news so that you can read it quickly. If you are interested in the news, you can read the full text here. Read more:

 /  🏆 4. in AU

Australia Latest News, Australia Headlines

Similar News:You can also read news stories similar to this one that we have collected from other news sources.

OKC’s big Giddey playoffs call; trade spells trouble after $32m move: Aussies in NBANBA: Ben Simmons put on an impressive performance in the Brooklyn Nets 123 - 103 win over the Spurs.
Source: FOXSportsAUS - 🏆 24. / 51 Read more »

Penny Wong warns conflict in the Indian Ocean would be devastating for world economyIt might be lower profile, but a major conflict in the Indian Ocean would have a devastating effect on the world economy, says Penny Wong.
Source: FinancialReview - 🏆 2. / 90 Read more »

Ange hails return of ‘world class’ skipper as $91m star saves Spurs in last-gasp madnessFootball: Ange Postecoglou's Spurs have defeated Brighton in a crucial victory that keeps there Champions League hopes alive.
Source: FOXSportsAUS - 🏆 24. / 51 Read more »

‘Toxic positivity’ is out: welcome to the new world of indulgent pettinessCall them pet peeves, call them petty grievances, one thing is certain – complaining about everyday irritations feels cathartic. It’s also the premise of American comedy podcast I’ve Had It.
Source: _TCglobal - 🏆 4. / 83 Read more »

Racing world in shock after Melbourne Cup winner Verry Elleegant dies while giving birth7NEWS brings you the latest local news from Australia and around the world. Stay up to date with all of the breaking sport, politics, entertainment, finance, weather and business headlines. Today's news, live updates & all the latest breaking stories from 7NEWS.
Source: 7NewsAustralia - 🏆 11. / 71 Read more »

The Zone of Interest: the dark psychological insight of Martin Amis’s Holocaust novel is lost in the film adaptationIn The Zone of Interest, Martin Amis represents our familiar world from a radically unfamiliar angle.
Source: _TCglobal - 🏆 4. / 83 Read more »