WTO @Geneva: Ready for a New Rulebook?

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As the 12th WTO ministerial conference winds up in Geneva on Thursday, everyone is asking whether new regional pacts like the RCEP or the politically driven Indo-Pacific Economic Framework led by the U.S. will eventually replace the WTO. But "The Hub with Wang Guan" reads a very different signal. Liu Baocheng, Dean at the Center for International Business Ethics in Beijing, says regional pacts can never replace the WTO, while Sourabh Gupta, senior Asia-Pacific international relations policy specialist at the Institute for China-America Studies in Washington, D.C., sees a greater role for China. With the U.S. rejecting its responsibilities, China must step up to the plate. As it transforms from a trade super power into a super trade and investment power, it must show it is capable of driving WTO reforms and new WTO rules to address the unprecedented challenges of a pandemic, geopolitics and climate crisis.

[gift]

Once again, the US stands in the way. Vaccine apartheid wouldn't be an issue if the Cuban embargo wasn't in place. The continued weaponizing of the dollar has limited both the production and distribution of vaccines in less developed economies. They've freely given it to countries that are also locked out of the US hegemonic control.

[philipcormier]

No peace from Washington DC ever will exist in the world.

[philipcormier]

I absolutely agree with China's reforms yes!

[philipcormier]

China is the most significant in the world and for the new world to come!

[philipcormier]

She's the pagan goddess of war, Miss Colombia living in Washington DC in the heart of America.

[philipcormier]

China's reforms for a new world is vitally important and must happen!

[philipcormier]

Washington DC is the home of Miss Colombia the pagan goddess that the United States worships!

[kelvinloh]

The WTO should press on free trade and liberalisation and economic development by taking up where it left the Doha development agenda when talks between developed and developing countries failed to achieve a multilateral pact, giving rise to the perception that the WTO is just a talk shop, similar to GATT.

[sislater]

Why have a book can't people just trade stuff freely?