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WTO slides right into a vacuum, EU slides into nationalism

On March 2, the thirteenth World Commerce Group (WTO) ministerial ended like most earlier ministerials. After its 164 member-ministers mentioned the burning want to vary two key worldwide commerce guidelines, everybody went residence with out altering any key worldwide commerce guidelines.

This actionless talkfest, nevertheless, carried a steeper value than earlier gassy gatherings; this one left the WTO, the world’s greatest commerce rules-enforcing physique, badly weakened and at risk of slipping into irrelevancy.

Placing a reasonably face on their ugly failure, WTO Director-Common Ngozi Okonjo-Iweala mentioned the assembly had “achieved some necessary issues and we’ve got not managed to finish others.” However, she added, “the glass is half full.”

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