WTO and the ‘multipolar’ vision

Sha­da Islam writes in “Yale Global(link to the website)”:http://yaleglobal.yale.edu/display.article?id=2808 about the col­lapse of WTO nego­ti­a­tions as a chal­lenge to Europe’s view of the world and of itself. bq. The WTO is a mul­ti­po­lar organ­i­sa­tion par excel­lence and is shap­ing up as a real test­ing ground for Euro­pean ideals. Its mem­bers, big and small, are equal­ly instru­men­tal in deter­min­ing the world trade agen­da. Cru­cial­ly, unlike in the Unit­ed Nations, no coun­try in the WTO has veto pow­er. But instead of embrac­ing the WTO as a reflec­tion of the mul­ti­po­lar world it espous­es, the EU went into the Can­cun meet­ing with a deal on farm trade lib­er­al­i­sa­tion con­clud­ed exclu­sive­ly with the US. Not sur­pris­ing­ly, devel­op­ing coun­tries react­ed with hos­til­i­ty both to the transat­lantic alliance per se and the duo’s fail­ure to promise a total elim­i­na­tion of export sub­si­dies, sig­nif­i­cant­ly slash domes­tic farm sup­port, or improve mar­ket access for farm products.

Leave a Comment

Your email address will not be published. Required fields are marked *