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It’s the end of the World Trade Organisation as we know it

The Economist |  27 February 2020  |  Investing

“Winter is coming,” warned a Norwegian representative on November 22nd, at a meeting of the World Trade Organisation (wto). The multilateral trading system that the wto has overseen since 1995 is about to freeze up. On December 10th two of the judges on its appellate body, which hears appeals in trade disputes and authorises sanctions against rule-breakers, will retire—and an American block on new appointments means they will not be replaced. With just one judge remaining, it will no longer be able to hear new cases.

 

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