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Jakarta Post

Today’s multilateral trade system: Fix it or nix it?

  • Michelle Limenta

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PREMIUM
Jakarta   /   Tue, September 10, 2019   /  10:15 am
Today’s multilateral trade system: Fix it or nix it? The World Trade Organization (WTO) headquarters are seen in Geneva on April 12, 2018. (Agence France-Presse/Fabrice Coffrini)

The Geneva-based World Trade Organization faces serious challenges to its legitimacy and effectiveness amid increasing criticism over its important functions of handling trade disputes and monitoring national trade policies. Often hailed as the “jewel in the crown” of the WTO, the WTO dispute settlement system is one of the most active of its kind. It is a system in which every member can have its day in court and in which every member is treated as equal before the law. The rules-based WTO dispute settlement framework affords smaller countries such as Antigua a more level playing field to bring disputes against large developed economies, like the United States. Indonesia has become an increasingly active user of WTO dispute settlement to defend its trade interests. For example, the country challenged the European Union’s antidumping duties on Indonesian biodiesel ex...

Disclaimer: The opinions expressed in this article are those of the author and do not reflect the official stance of The Jakarta Post.