Is the global trading system unravelling before our eyes? Here is where things stand

April 30, 2020

It took decades to build the rules-based trading system. A few frantic days compounded historic strains on it.

The modern history of global trade is being written at warp speed, with a dizzying series of developments now testing the international trading system.

What the rules-based order looks like after this is anyone's guess.

Credit a collision of conditions: a pandemic, a trade-skeptical U.S. president, simmering frustration with China, and a growing great-power rivalry.

In the past few days alone, the U.S. has dismissed the World Trade Organization's top dispute-resolution body as illegitimate...

This was excerpted from the 30 April 2020 edition of CBC News.

Topic(s)

International Trade and Border Management

Information source

Canadian News Channel

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The foregoing information is provided for informational purposes only and is not intended as, nor should it be considered, professional advice or a substitute for conducting your own thorough research and review. Before making any decisions or taking any action based on the information provided, you should conduct your own independent investigation and/or seek professional advice from a qualified expert in the relevant field. The CSCB disclaims all liability for actions taken or not taken based on the information provided.

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