News Snapshot:
The World Trade Organization (WTO) opens its annual public forum this week with an ambitious goal: to stabilize a global economy disrupted by the COVID-19 pandemic, trade wars and armed conflict. Seeking to build on last June’s renewed commitment to a rules-based system, the WTO now calls for more sustainable, more inclusive trade rules. Rewriting the rulebook is both desirable and necessary given widespread dissatisfaction with the institution. But reform will not be easy. Any fundamental changes to the WTO have to overcome long-standing disagreements among countries over market access. They will also require fixing the WTO’s broken dispute resolution...
