Will current WTO rule-making reform proposals benefit Caribbean small states?


The following is one of the articles from Trading Thoughts by the Shridath Ramphal Centre for International Trade Law, Policy and Services.

The rules-based multilateral trading system (MTS), institutionalised by the World Trade Organization (WTO), is confronting an existential threat. Questions about the fairness and efficacy of the WTO, the guardian of the MTS, have plagued it since its inception in 1995, but the calls for reform have reached fever pitch over the past two years. Withdrawal threats by the United States, coupled with increasing protectionism and unilateralism, threaten to chip away at the foundation of the MTS unless comprehensive, inclusive and transparent reform of the WTO is undertaken.   

For small economies like ours in the Caribbean with…

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