The members of the World Trade Organization (WTO) gathered for the past few days in the capital of Cameroon for their biennial ministerial conference. Before the 14th Ministerial Conference (MC14), sober pragmatism seemed possible. After four days of tense but fruitless negotiations in Yaoundé, sobering pragmatism carried the day. And both assessments still sit at the positive end of the evaluative spectrum. (mehr …)
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 …)
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 …)
©WTO, altered, https://www.wto.org/english/res_e/photo_gallery_e/photo_gallery_e.htm
The 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 …)
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.
