World trade threatened by unilateralism

By Dan Steinbock

Nov 08, 2021 12:04 am

Recently, the WTO celebrated the 20th anniversary of China's entry into the global trading system. To overcome the threat of unilateralism, the WTO can no longer be an arm of the G7. It must become more inclusive and multilateral.

IN the postwar era, the World Trade Organization (WTO) achieved significant reduction of trade barriers, promoting trade expansion and facilitating trade frictions.

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