World Trade Arbiter Gets Big Chance to Break Deals Drought



Bryce Baschuk | Bloomberg

It’s been said that the World Trade Organization is like a bicycle — it needs forward movement or it will fall.

But there’s one big problem: getting 164 governments to pedal toward one destination.

Over its 26-year history, the WTO has a paltry record for notching wins and its members haven’t collectively moved forward on any issues for the better part of the past decade.

At a meeting scheduled in Geneva later this month, the world’s trade ministers have an opportunity to break their negotiating drought and hammer out a package of deals to show the beleaguered trade body is still relevant.

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