日韩精品久久一区二区三区_亚洲色图p_亚洲综合在线最大成人_国产中出在线观看_日韩免费_亚洲综合在线一区

Global EditionASIA 中文雙語Fran?ais
Opinion
Home / Opinion / From the Press

Efficient globalization to save world's economy

BEIJING NEWS | Updated: 2020-09-03 08:12
Share
Share - WeChat
A logo is pictured outside the World Trade Organization (WTO) headquarters next to a red traffic light in Geneva, Switzerland, October 2, 2018. [Photo/Agencies]

Roberto Azevedo stepped down as director-general of the World Trade Organization on Monday, becoming the first WTO chief to leave office ahead of time.

Azevedo's surprise announcement in May that he would end his second term 12 months ahead of schedule has forced the organization to speed up its usually lengthy process of selecting a new head. Now eight candidates from Africa, Asia, Europe and Latin America are vying for the post. There is no candidate from the United States.

A new WTO leader will be appointed on Nov 7, but with the US holding presidential elections on Nov 3, the outcome becomes hard to predict. If Donald Trump wins a second term, he might create obstacles, and if Joe Biden wins, one will have to wait and watch to see whether he will continue Trump's WTO policies.

Founded in 1995, the WTO was born out of the General Agreement on Tariffs and Trade to resolve trade disputes and disagreements between countries. It was originally a temporary and non-permanent agency. However, the mechanism to settle trade disputes between the US and major European countries was found inadequate as globalization led to the participation of an increasing number of emerging economies.

Thus globalization helped upgrade and create a powerful WTO, but it has also created problems for it. Since 2018, the US administration has become a major cause of the WTO's decline. The US government keeps saying "no" to the WTO's structure, the way it operates, and its rules and fees-sharing system.

Since 1995, the WTO has devised three mechanisms-for multilateral trade negotiations, disputes settlement and trade policy supervision. The multilateral negotiations mechanism has now reached a dead end. The disputes settlement mechanism, which originally consisted of seven judges, is now left with just one, bringing its functioning to a halt. And since there are no multilateral negotiations, the policy supervision body exists only in name.

Thanks to the US' unilateralism, the WTO's multilateral efforts have been in vain. To some extent, the WTO is facing the same problems that globalization is.

The world may have to face the fact that multilateral cooperation is being replaced by geostrategic competition, which may cause different countries to form "cliques" and then establish new dispute settlement mechanisms. Compared with a globally recognized dispute settlement body like the WTO, such "cliques" will undoubtedly continue to be bogged down by frictions.

We expect the new WTO leader to reverse the organization's downslide and save globalization, but we must be fully prepared to embrace the new geostrategic competitions. The post-pandemic world needs a robust global industrial chain and high-speed market operation to offset losses. Only a fairer and more efficient globalization can help the world economy's recovery.

Most Viewed in 24 Hours
Top
BACK TO THE TOP
English
Copyright 1995 - . All rights reserved. The content (including but not limited to text, photo, multimedia information, etc) published in this site belongs to China Daily Information Co (CDIC). Without written authorization from CDIC, such content shall not be republished or used in any form. Note: Browsers with 1024*768 or higher resolution are suggested for this site.
License for publishing multimedia online 0108263

Registration Number: 130349
FOLLOW US
主站蜘蛛池模板: 欧美日韩综合视频 | 欧美日韩精品一区二区三区视频 | 看片一区 | 中文久久 | 久草免费在线视频 | 国产欧美在线视频 | 亚洲最大成人 | 色在线看 | 午夜视频在线观看免费视频 | 日本亚洲a | 玖玖福利 | 久久国产精品99久久小说 | 久久久久国产一区二区三区四区 | 欧美一级永久免费毛片在线 | 欧美成人三级一区二区在线观看 | 成人在线播放 | 五月婷婷激情第五季 | 欧美狠狠操 | 日韩成人中文字幕 | 爱豆在线观看网址91 | 免费 | 大片免费看费看大片 | 成人国产精品免费观看视频 | 精品伊人久久久99热这里只 | 亚洲国产精品综合久久网络 | 高清国产一区二区三区 | 久久视频在线视频 | 视频在线一区二区 | 欧美影院久久 | 日本国产最新一区二区三区 | 亚洲天天综合色制服丝袜在线 | 国产精品成人一区二区 | 国产亚洲精品久久久久久久网站 | 五月婷婷丁香综合网 | 免费观看呢日本天堂视频 | 久久com| 日夜啪啪 | 久久高清免费视频 | 日韩成人免费在线 | 久久精品国产视频 | 欧美一级一片 | 欧美国产日本高清不卡 |