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Could trade tensions impel a WTO redesign?

13.11.2018

Rolf Langhammer says, it is unlikely that the threat of the US to withdraw from the WTO will become a reality.

Excerpt from the Article

(...) “Given that the United States Trade Representative Robert Lighthizer has already elaborated on a number of WTO reform measures proposed by the US in his ‘2018 Trade Policy Agenda’, it is unlikely that the threat to withdraw from the WTO will become a reality,” suggests Rolf J. Langhammer, professor of economics at the Kiel Institute. “It seems that the US proposals concentrate on a reform of the dispute settlement mechanism in which the president, misleadingly, in my view, sees the US as a victim, losing all cases.”

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