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Jakarta Post

Taking chill pill on trade

  • Shaanti Shamdasani

    President of ASEAN International Advocacy and Consultancy

Jakarta   /   Fri, September 20 2019   /  01:11 am

The World Trade Organization has had limited success in its trade agenda; the 2001 Doha round was inconclusive. This has separated countries in pursuit of their own trade agenda outside the WTO but still within the multilateral framework. The United States and the European Union were avid supporters of the multilateral trading system until US President Donald Trump drove the agenda into the opposite direction. There are many lingering questions amid US-China, Japan-South Korea and other disputes. What now? Where now?To understand future trade directions, we must review the WTO’s current standing vis-a-vis the future trade agenda. The dispute settlement mechanism is pivoted to shaping the rule of law of future trading systems. The comprehensive guide to the interpretation and application of the WTO agreements by the appellate body contains extracts of key pronouncements and findings fro...