NEW YORK, Oct 3 — Nothing illustrates the crisis at the World Trade Organisation more than the piling up of unresolved disputes and the growing list of what it terms the “trade...
Singapore court sentences man to 10 months’ jail for repeatedly asking teenage son’s best friend for sex, nude photos
Those depositing cases include China, Dominican Republic, India, Indonesia, Morocco, Pakistan, South Korea and the United States. Last month it warned that a surge of unilateral measures, if unchecked, would fragment the world economy, stripping 5 per cent of global income. “People are not feeling in any way constrained by their obligations to the WTO when it comes to policy and that was not the case a decade ago,” he said, adding that for Washington, the driving force behind the creation of the rules-based trading system, the WTO was now “not on the radar screen”.
The 164 members broadly agree that the WTO, with its 620 staff in an art-deco building on the shores of Lake Geneva, needs reform, although it requires a full consensus to make any change.
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