波多野结衣办公室双飞_制服 丝袜 综合 日韩 欧美_网站永久看片免费_欧美一级片在线免费观看_免费视频91蜜桃_精产国品一区二区三区_97超碰免费在线观看_欧美做受喷浆在线观看_国产熟妇搡bbbb搡bbbb_麻豆精品国产传媒

Global EditionASIA 中文雙語Fran?ais
Opinion
Home / Opinion / Global Views

To be fit for purpose

By DARYL GUPPY | China Daily Global | Updated: 2024-01-29 08:36
Share
Share - WeChat

YIN YIYUAN/FOR CHINA DAILY

WTO must bolster its multilateral credentials to become a bulwark for a healthy trade system

The World Trade Organization has come under relentless pressure to reform. The WTO's 13th Ministerial Conference in Abu Dhabi, the United Arab Emirates, at the end of February is an opportunity to address the necessity of increasingly urgent reforms needed to counter the trend toward global trade protectionism.

Although there are variations in the reform suggestions, the proposals reflect two different understandings of the role the WTO should play in setting the environment for international trade.

The first approach supports the WTO but wants it to acknowledge the changes in global relationships to upgrade the significance of the Global South and the complexity of these economies. The proposals for this approach support a multilateral solution. They favor greater representation in the way decisions are made so that the WTO more accurately reflects the changing balance of economic activity. China is the champion of this multilateral approach which recognizes the significance of the Global South.

Established in 1995, the WTO and its decision-making structures have been dominated by the United States with effective veto power over critical appointments and processes. The US wanted to use its economic power to unilaterally shape the world in its own image. Despite this, the WTO was able to achieve a few significant changes, but there were rarely changes that disadvantaged the US.

Many in the US believed China's membership of the WTO would push China toward US-style capitalism and democracy. They have increasingly resented this decision as China's economy has gone from strength to strength without it becoming like the US. As their resentment grew, so too did the desire to blame the WTO.

The second approach, led by the US, harbors deep suspicions about the WTO because in recent years their unilateral dominance has been challenged. Starting with former president Donald Trump, the US has worked assiduously to undermine the authority and operation of the WTO.

This has included unilateral sanctions, illegal trade protection policies, tariffs and subsidies often under the spurious cover of national security. Even now, the Joe Biden administration is considering further tariff hikes on electric vehicles, solar power equipment and less-advanced semiconductors, with a decision expected in the first half of this year. There is no indication of a change in policy no matter who wins the 2024 election.

The idea of reform in this US-led approach is to ensure the WTO remains an extension of US foreign policy. Already the US uses its veto power to disrupt the operation of the WTO, most notably by the four-year delay in confirming the appointment of the Appellate Body judges. This denies all WTO members their legal right to a binding, two-stage dispute settlement process which is a fundamental pillar of the WTO system.

An alternative trade dispute mechanism has been endorsed by China and Australia, and although effective, it is a stopgap measure. However, this also provides a template for multilateral solutions. Although China and Australia come to the WTO from different perspectives, they both understand that it is no longer appropriate for WTO operations to be dominated by the US.

To be effective and relevant, the WTO must bolster its multilateral credentials to become a bulwark against any attempt to dominate WTO operations. Reform means the WTO must acknowledge the change in the balance of economic power both in terms of China and the economic consolidation of the Global South.

China has led the initiative to broaden the multilateral foundations of the WTO. China has cited the need for specific actions to resolve crucial and urgent issues threatening the existence of the WTO, increased its relevance in global economic governance and improved the operational efficiency of the WTO.

These reforms have been recognized and endorsed by global business groups. The International Chamber of Commerce is urging trade ministers to reaffirm the common purpose of the WTO, to agree on a coherent and holistic vision for WTO reform based on the organization's founding principles, and to deliver on a work program for WTO reform covering negotiations, dispute resolution, and monitoring and deliberative functions.

The US wants to change the way that the more than two-thirds of WTO members are designated as developing countries, or which are classified as least developed countries, in line with United Nations criteria.

A group of 13 members called for the WTO's negotiating function to be reinvigorated, citing the need to safeguard and strengthen the WTO's dispute settlement mechanism as a central pillar of the WTO. Some countries have called for updating WTO rules to reflect the 21st century realities that require flexible and open negotiating approaches delivering multilateral outcomes.

Achieving consensus in the WTO is always a challenge and the Abu Dhabi meeting will be no different in this respect. However, the unity in the aspirations of the Global South, endorsed and supported by China, brings a new authority to the deliberations that recognizes the world has changed since 1995 and following the 2008 global financial crisis.

Reform of the WTO is a necessity and China is supporting its reinvigoration for an open and multilateral trading environment fit for purpose in the 21st century.

The author is an international financial technical analysis expert and a former national board member of the Australia China Business Council. The author contributed this article to China Watch, a think tank powered by China Daily. The views do not necessarily reflect those of China Daily.

Contact the editor at editor@chinawatch.cn

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
波多野结衣办公室双飞_制服 丝袜 综合 日韩 欧美_网站永久看片免费_欧美一级片在线免费观看_免费视频91蜜桃_精产国品一区二区三区_97超碰免费在线观看_欧美做受喷浆在线观看_国产熟妇搡bbbb搡bbbb_麻豆精品国产传媒
精品人伦一区二区三电影| 深夜视频在线观看| 国产成人精品无码免费看夜聊软件| 亚洲女优在线观看| 国产一区二区三区四区在线| 手机免费看av| 日韩精品一区二区三区中文不卡| 亚洲福利视频导航| 亚洲区 欧美区| 欧美日韩一级大片网址| 亚洲精品视频一区二区| 97久久精品人人爽人人爽蜜臀| 色偷偷88欧美精品久久久| 国产精品福利一区二区| 成人一级黄色片| 色综合一区二区三区| 自拍偷拍国产亚洲| 91精品国产一区二区三区香蕉| 性色av蜜臀av浪潮av老女人| 欧美亚洲综合色| 一区二区三区四区在线播放| 972aa.com艺术欧美| 在线观看一区不卡| 亚洲一区二区三区国产| 91传媒理伦片在线观看| 欧美一区二区三区四区高清 | 久久精品国产一区二区| 永久免费成人代码| 久久亚洲精品国产精品紫薇| 日韩一区国产二区欧美三区| 少妇一级淫免费观看| 欧美喷水一区二区| 午夜久久久久久久久久一区二区| 亚洲av无码成人精品区| 日韩一区二区三区精品视频| 久久精品久久久精品美女| 一区二区三区在线播放视频| 亚洲欧洲精品天堂一级| 色婷婷狠狠18禁久久| 日韩欧美成人激情| 国产原创一区二区| 国产精品国产高清国产| 亚洲五月六月丁香激情| 成都免费高清电影| 国产精品久久久久影视| 日韩一区二区视频在线观看| 手机看片国产精品| 欧美日韩精品二区第二页| 日韩高清国产一区在线| 亚洲一二三精品| 亚洲图片另类小说| 老熟妇精品一区二区三区| 久久综合色综合88| 美国av一区二区| 视频国产一区二区| 中文一区二区在线观看| 91免费国产在线| 97人妻精品一区二区免费| 欧美三级中文字| 懂色av懂色av粉嫩av| 亚洲欧美激情在线| 大地资源二中文在线影视观看| 久久一夜天堂av一区二区三区 | 天天操天天干天天操天天干| 亚洲天堂久久久久久久| 一级特级黄色片| 亚洲国产精品黑人久久久| 国产男女无遮挡猛进猛出| 精品国产91洋老外米糕| 93久久精品日日躁夜夜躁欧美| 欧美日韩在线综合| 91福利视频久久久久| 性做久久久久久免费观看欧美| 99久久精品免费视频| 亚洲欧美日韩一区二区三区在线观看| 欲求不满的岳中文字幕| 中文字幕中文乱码欧美一区二区| 中文在线观看免费视频| 国产精品久久久久久久浪潮网站| 国产a级黄色片| 国产精品久99| 人妻丰满熟妇av无码久久洗澡| 中文字幕日本不卡| 精品人妻一区二区三区蜜桃视频| 亚洲欧美区自拍先锋| 99久久久无码国产精品衣服| 亚洲一区二区欧美日韩| 99鲁鲁精品一区二区三区| 日本不卡不码高清免费观看| 在线视频一区二区三| 国产在线不卡一卡二卡三卡四卡| 欧美日韩精品一区二区| 成人午夜av在线| 精品美女一区二区| 日本一级大毛片a一| 国产精品毛片高清在线完整版| 免费黄色在线视频| 亚洲最新视频在线观看| 在线观看成人毛片| 国精品**一区二区三区在线蜜桃| 777xxx欧美| 日本r级电影在线观看| 中文字幕中文字幕一区| 日韩一区二区三区四区视频| 日韩电影免费一区| 在线不卡的av| 2017欧美狠狠色| 欧美私人免费视频| 国产一区二区伦理片| 91精品国产全国免费观看| 91丨九色丨蝌蚪丨老版| 国产精品久久久久aaaa樱花| 亚洲一区视频在线播放| 日韩高清电影一区| 91精品国产综合久久久久久| 绯色av蜜臀vs少妇| 亚洲精品v日韩精品| 538精品在线观看| 国产91丝袜在线播放九色| 久久精品一二三| 摸摸摸bbb毛毛毛片| 九一九一国产精品| 亚洲精品在线免费观看视频| 少妇精品一区二区三区| 日本网站在线观看一区二区三区 | 青草国产精品久久久久久| 欧美日韩国产首页| 亚洲精品乱码久久久久久9色| 一区二区三区免费观看| 欧美探花视频资源| 少妇搡bbbb搡bbb搡打电话| 亚洲一区二区精品3399| 欧美肥妇bbw| 国产又粗又长又爽| 奇米影视一区二区三区| 欧美成人精品1314www| 国产高潮呻吟久久| 狠狠色狠狠色综合系列| 国产视频在线观看一区二区三区| 国产一二三av| 岛国精品在线观看| ...xxx性欧美| 欧美日韩一区二区三区在线| 折磨小男生性器羞耻的故事| 国产成人8x视频一区二区| 野花社区视频在线观看| 日日摸夜夜添夜夜添国产精品| 9191成人精品久久| 特级西西人体4444xxxx| 蜜桃av一区二区| 欧美成人bangbros| 精品人妻中文无码av在线| 国产乱码精品一品二品| 中文字幕一区二区三区av| 在线中文字幕不卡| 亚洲av综合色区无码另类小说| 天使萌一区二区三区免费观看| 欧美成va人片在线观看| 无码人中文字幕| 成人精品视频网站| 亚洲图片欧美色图| 日韩精品中文字幕一区| 你懂得视频在线观看| yourporn久久国产精品| 亚洲国产va精品久久久不卡综合 | 亚洲一本大道在线| 欧美成人激情免费网| 欧美一级特黄高清视频| 91麻豆6部合集magnet| 日韩av在线免费观看不卡| 国产午夜久久久久| 欧美在线高清视频| 亚洲自拍偷拍一区二区| 丁香婷婷综合网| 午夜精品国产更新| 国产欧美一区二区精品婷婷| 欧美主播一区二区三区| 日韩 中文字幕| 国产成人精品免费视频网站| 亚洲狠狠爱一区二区三区| 2024国产精品视频| 日本高清不卡aⅴ免费网站| 中文人妻一区二区三区| 成人动漫av在线| 国产成a人亚洲精| 日韩精品中文字幕在线不卡尤物| 奇米网一区二区| 亚洲av午夜精品一区二区三区| 久久国产夜色精品鲁鲁99| 最新国产精品久久精品| 日韩午夜在线观看| 国产suv精品一区二区68| 艳妇乳肉豪妇荡乳xxx| 国产成人精品免费| 日韩av在线播放中文字幕| 国产精品超碰97尤物18| 欧美电视剧在线观看完整版| 在线亚洲高清视频| 日本在线观看网址| 好吊色视频一区二区三区|