World Trade Organization In “Serious Trouble” Ahead of UAE Meeting; Might Not Be Salvageable
The World Trade Organization (WTO) may be on its last legs heading into its 13th Ministerial meeting in Abu Dhabi later this month.
The World Trade Organization (WTO) may be on its last legs heading into its 13th Ministerial meeting in Abu Dhabi later this month.
Last week, President Biden’s U.S. Trade Representative, Ambassador Tai, took a shellacking from U.S. Senators who oversee her office. The first was from her fellow Democrat, U.S. Senate Finance Chairman Ron Wyden (D-OR), who issued a statement saying he “blasted” her office. The next day, Senator Wyden was followed by nine of thirteen Senate Finance…
Tai is taking heat for a Biden administration decide to step aside on digital trade talks in the WTO. What was behind the decision and what’s being said about it.
Senate Republicans, led by Mike Crapo, are willing to give the WTO more power over U.S. trade than the White House.
The Trump administration refused to approve new trade dispute judges to the WTO. The Biden administration isn’t in any real hurry to fix it.