WTO Dispute Resolutions Lay Path for Members’ Trade Rules, Behavior

Bloomberg BNA

pic4Many trade industries, ambassadors and observers believe the World Trade Organization will continue to grow as a key forum for resolving major trade disputes and thereby set guidelines for future behavior among its members—regardless of its ability to forge more wide-reaching, multilateral trade agreements.

‘‘As a global rules-setting body, that’s the game in town,’’ said Deborah James, director of international programs for the Center for Economic and Policy Research.

She recognized questions have been raised about the WTO’s relevancy due to its inability to conclude a major trade agreement other than the Trade Facilitation Agreement in November 2014.

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Written by Christina L. Lyons, copyright 2015 The Bureau of National Affairs, Inc.