Is This the End of the WTO as We Know It?



Kent Jones | Barron's

Some people may thrive on drama, but businesses and investors generally don’t. Recent events—from China-U.S. trade tensions to Brexit to protests in France—have introduced new unpredictability, leaving businesses unable to plan for the future and sowing chaos in global markets.

The current global trade regime is built on the principle that a predictable, cooperative, well-regulated system benefits all nations. The WTO and its predecessor, the GATT, have provided the framework for trade negotiations, global trade rules, and dispute resolution since 1947, allowing globalization and international trade to flourish.

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