Economic globalization has faced strong headwinds in the recent years marked by challenges ranging from rapid technological change, increasing extreme climate events, vulnerable supply chains, to widening inequality and intensifying geopolitical friction. Today’s global trading system, as exemplified by the World Trade Organization, has come under assault from many directions and for many reasons. The 13th WTO ministerial conference is fast approaching in February of 2024 with a packed agenda, including proposals to revitalize the multilateral institution.
The year 2024 with the consequential US presidential election will likely further compound the question over WTO’s viability. As world leaders are talking about reforming the WTO, what are the prospects for change? How will the multilateral body move forward its modernization agenda at a time when trade policy tensions are on the rise and fragmentation along geopolitical fault lines is finding its way into trading blocs? What role will China play in revitalizing multilateral trade?
On 13 December, CCG presented a new episode of its global dialogue series featuring the visiting former Director-General of WTO, Mr. Pascal Lamy to share his unique perspectives on the challenges facing the global trading system and their impacts on the world in 2024 and beyond.
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