WTO struggles to hone global vision after US turnabout

Published December 14, 2017
Buenos Aires: US Trade Representative Robert Lighthizer and Irelands Minister of State for Trade Pat Breen talk at the 11th World Trade Organisation’s ministerial conference held on Tuesday.—Reuters
Buenos Aires: US Trade Representative Robert Lighthizer and Irelands Minister of State for Trade Pat Breen talk at the 11th World Trade Organisation’s ministerial conference held on Tuesday.—Reuters

BUENOS AIRES: Trade ministers looked set to wrap up their biennial World Trade Organisation (WTO) meeting without having reached a single agreement on Wednesday, still reeling from criticism brought by the United States, once the WTO’s driving force.

The ministers gathered in Buenos Aires were never expected to agree great reforms, with relatively minor and unrelated proposals on the table, including discussions on fishing subsidies and e-commerce.

But a discordant intervention by US Trade Representative Robert Lighthizer on the first morning effectively left the conference adrift, since the WTO requires consensus – unanimity among all 164 members – to reach any agreement.

Even the perfunctory joint ministerial statement looked uncertain.

Driven by President Donald Trump’s “America First” strategy and a preference for bilateral deals, the United States had already blocked ambassadors from drafting a text in Geneva, rejecting references to the WTO’s central role in the global trading system and to trade as a driver of development.

WTO spokesman Keith Rockwell told reporters that the chairwoman of the conference, Argentina’s former foreign minister Susana Malcorra, was still hoping to get ministers to agree on one text later on Wednesday.

"There still seems to be significant gaps. Whether they can find wording that can bridge those gaps I don’t know,” Rockwell said.

The failure to reach any major deals means that negotiations on the same topics will continue into 2018, with no deadline and no heavyweight ministerial momentum to get agreement. “It’s very appropriate to stay at this stage that we are in a forward-looking mode,” Rockwell said.

“The focus of most of the work here is on work programmes, and while there is disappointment that we couldn’t get a little further in terms of concrete outcomes, being able to nail down an effective work programme is very important.”

Published in Dawn, December 14th, 2017

Follow Dawn Business on Twitter, LinkedIn, Instagram and Facebook for insights on business, finance and tech from Pakistan and across the world.

Opinion

Editorial

Anti-women state
Updated 25 Nov, 2024

Anti-women state

GLOBALLY, women are tormented by the worst tools of exploitation: rape, sexual abuse, GBV, IPV, and more are among...
IT sector concerns
25 Nov, 2024

IT sector concerns

PRIME Minister Shehbaz Sharif’s ambitious plan to increase Pakistan’s IT exports from $3.2bn to $25bn in the ...
Israel’s war crimes
25 Nov, 2024

Israel’s war crimes

WHILE some powerful states are shielding Israel from censure, the court of global opinion is quite clear: there is...
Short-changed?
Updated 24 Nov, 2024

Short-changed?

As nations continue to argue, the international community must recognise that climate finance is not merely about numbers.
Overblown ‘threat’
24 Nov, 2024

Overblown ‘threat’

ON the eve of the PTI’s ‘do or die’ protest in the federal capital, there seemed to be little evidence of the...
Exclusive politics
24 Nov, 2024

Exclusive politics

THERE has been a gradual erasure of the voices of most marginalised groups from Pakistan’s mainstream political...