The Multilateral Trading System under threat: actions and reactions

Series 7, Episode 2 - In this special extended episode, recorded in front of a live audience at the World Trade Organization Public Forum, we consider the present state of the multilateral trading system and the role of the WTO. The majority of international trade, around 72%, is being conducting on WTO terms. But pretty much every nation has had to face the consequences of a unilateral withdrawal from Most Favoured Nation principals by the world’s biggest economy: the US. This challenge from Washington is only the latest in a string of issues to confront the WTO, which has only ratified two multilateral agreements in 30 years, and hasn’t had a functioning Appellate Body to underpin the enforcement of multilateral trade rules for the last six years. How should WTO members respond? Should the rules be upheld, or do they need changing? To discuss these questions and those from our live audience are H.E Guilherme de Aguiar Patriota (WTO), Kelly Ann Shaw (AKIN), Mona Paulsen (London School of Economics) and our host Chris Horseman (Borderlex).

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