MANY BREXITEERS SEE THE WTO AS A SUITABLE FRAMEWORK FOR THE UK’S TRADE, BUT IS IT?

A post on the LSE Business review website on 1st June poses this question, asked by an associate professor at LSE’s department of international relations (international trade policy unit).  It warns that the WTO has been undermined by outdated rules, US trade policy and China’s support for its own industries; and that the WTO does not rule – and the whole multilateral trading system is in a state of crisis, for the reasons given in the post.  It says that only the ‘big beasts’ of the US and China can defend their national interests in a power-based order.  The UK’s interests – as a leading member of a group of WTO members seeking to defend multilateralism – will be closely aligned with those of the EU, as well as other developed and developing economies.

https://blogs.lse.ac.uk/businessreview/2019/06/01/many-brexiteers-see-the-wto-as-a-suitable-framework-for-the-uks-trade-but-is-it/

Author: raytodd2017

Chartered Legal Executive and former senior manager with Isle of Man Customs and Excise, where I was (amongst other things) Sanctions Officer (for UN/EU sanctions), Export Licensing Officer and Manager of the Legal-Library & Collectorate Support Section

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