The World Trade Organization (WTO) is one of the leading international bodies responsible for global trade regulation. Along with other fundamental elements of the international system, it was designed by the West and in the interests of the West. Established in Geneva in 1995 and based on the General Agreement on Tariffs and Trade, the…
India has lost a $7 billion WTO case against US. Meanwhile China has won its case with the WTO now allowing the Chinese to impose a $3.6 billion sanction on American goods. The verdict comes days after India and US officially suspended defense cooperation in what is now giving rise to a full-fledged India-US Trade…
After having lost his majority in the House of Representatives during the mid-term elections, President Trump has found new allies in exchange for his discharge by prosecutor Mueller of the accusation of high treason. He now supports the objectives of his generals. US imperialism is back. In less than six months, the foundations of international…
Totally under the radar of a news cycle consumed by the Pulp Fiction in Istanbul saga and the ever-mutating US-China trade war, leaders from no less than 51 Asian and European nations met in Brussels on Friday to talk about developing some measure of global stability. The day before in Brussels had been lost on…
As key representatives of the three chief villains of international finance, the IMF, World Bank (WB) and World Trade Organization (WTO) met on the lush resort island of Bali, Indonesia, they warned the world of dire consequences in terms of reduced international investments and decline of economic growth as a result of the ever-widening trade…
China’s pioneering initiative to institutionalize trade rules and dispute mechanisms for its New Silk Road is especially impactful in making the World Trade Organization irrelevant in and of itself, but when combined with Trump’s recent moves away from this globalist body, it has the effect of dealing what might be a deathblow to the group…
