China’s decision to drop the Special and Differential Treatment (SDT) at the World Trade Organization (WTO) is less a legal earthquake than a strategic signal — but its symbolism matters. Announced by Premier Li Qiang on the sidelines of the UN General Assembly, the move to forego the SDT that comes with being labelled a “developing country” in the WTO allows Beijing to claim a form of “grown‑up” membership in the global trading order while recalibrating its diplomacy toward key trade partners and developing countries. (mehr …)
Schlagwort: WTO
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Trump and FfD4 – the Elephant in the Room Starts to Speak (and Destroy)
The first two sentences delivered by the U.S. representative at the 3rd session of FfD4 Preparatory Committee (3rd PrepCom) last week were already tough ones: “At the outset, I underscore that the United States is currently evaluating its membership and participation in all international organisations and processes. Thus, we are reserving on the whole draft at this time.” With this statement, the elephant in the room – the role of the new U.S. administration in the FfD negotiations – was finally addressed. And what the elephant said was unsettling: It questioned the U.S. participation altogether. (mehr …)
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Investment Facilitation for Development – What’s at stake at the 13th Ministerial Conference of the World Trade Organization?
©WTO, altered, https://www.wto.org/english/res_e/photo_gallery_e/photo_gallery_e.htmThe current debate on the Investment Facilitation for Development (IFD) Agreement could be very consequential for the World Trade Organization (WTO) although it is not part of the official calendar of next week’s 13th Ministerial Conference (MC13) in Abu Dhabi. (mehr …)
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Biden’s Geo-Economics Forces De-Globalization
Under US President Joe Biden America continues to threaten the rules-based world economic order and is pushing the trend towards de-globalization. Although the new Biden administration rhetorically seeks more „values“ and the „community of democracies,“ the United States is still at its core seeking to protect its national interests with all its economic and military power.
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Globalisation is on the ventilator – Long live globalism!

Source: https://www.wallpaperflare.com/old-world-map-jigsaw-puzzle-fun-game-entertainment-the-board-wallpaper-zvmre Globalisation Unmasked
The world is grappling with a deadly pandemic unleashed on the planet by the Corona Virus (SARS-CoV-2/ HCoV-19). In its wake, the votaries of globalisation who have been espousing the cause of a borderless world of business with seamless flow of international trade, capital and even human resources across the world seem to be stung by a creepy realization whether the paeans sung by them were all worth the effort. More than the social and cultural aspects of globalisation, its economic manifestation in the form of product market integration with concomitant cross-border value chains has been credited with having contributed richly to the growth of the global and national economies. Today, more than half the world has locked down their economic, social, political and cultural activities to arrest the spread of the corona virus that has already infected nearly eight million patients world-wide and claimed over four hundred thousand lives as on the 15 June, 2020. (mehr …)



