If they fail, the system will drift further toward fragmentation, with bilateral and minilateral deals – not the WTO – increasingly setting the rules of global // #WTOCrisis #GlobalTrade #MultilateralSystem #TradePolicy #DisputeSettlement #TariffWarstrade.

Business leaders call for action on WTO reform - Borderlex - European trade policy You need to be a subscriber and logged in to view this content... Request a free trial subscription or Log in.

Governments complain business not interested in @wto.org - well this is not true if one believes the vocal calls for action of late from leading business associations.

#WTOCrisis

By @chrishorseman.bsky.social

Opinion: Abandon ‘most favoured nation’ at your peril - Borderlex - European trade policy The EU and United States are both calling for a review of the WTO’s ‘most favoured nation’ rule.

Abandon the WTO's foundational most-favoured nation #MFN principle? Seriously? 

John Clarke on why for the EU in particular doing so carries big risks.

#WTOCrisis #MC14 #WTOReform

WTO faces zero-growth budget in 2026-2027 - Borderlex - European trade policy WTO members signed off a proposal by the secretariat to hold the budget at 205 million Swiss francs (€221 million) in both 2026 and 2027.

The World Trade Organization’s operating budget will be held unchanged for the next two years, under a plan approved this week. #WTOcrisis #WTObudget

Details by @chrishorseman.bsky.social