{"id":16097,"date":"2025-04-29T12:39:59","date_gmt":"2025-04-29T12:39:59","guid":{"rendered":"https:\/\/exam.pscnotes.com\/current-affairs\/?p=16097"},"modified":"2025-04-29T12:43:13","modified_gmt":"2025-04-29T12:43:13","slug":"wto-reboot","status":"publish","type":"post","link":"https:\/\/exam.pscnotes.com\/current-affairs\/wto-reboot\/","title":{"rendered":"WTO: Reboot"},"content":{"rendered":"<ul>\n<li><strong>WTO&#8217;s Diminished Relevance:<\/strong> Rising protectionism, paralyzed dispute settlement, proliferation of FTAs challenge WTO&#8217;s role.<\/li>\n<li><strong>Dispute Settlement Crisis:<\/strong> The Appellate Body is non-functional due to blocked appointments by the US since 2019, weakening enforcement.<\/li>\n<li><strong>Negotiation Stalemate:<\/strong> Doha Round failed due to disagreements on agriculture, market access, subsidies.<\/li>\n<li><strong>MFN Erosion:<\/strong> FTAs bypass MFN obligations, fragmenting trade rules, and undermining the multilateral vision.<\/li>\n<li><strong>Rise of Protectionism:<\/strong> Trade wars, unilateral tariffs using &#8220;national security&#8221; exceptions weaken WTO principles.<\/li>\n<li><strong>Inability to Address New Issues:<\/strong> WTO lacks rules for the digital economy, e-commerce, and climate-related trade.<\/li>\n<li><strong>Power Imbalance:<\/strong> Developed countries push reforms, while developing countries resist, fearing loss of development space.<\/li>\n<li><strong>Geopolitical Tensions:<\/strong> US-China rivalry, Russia-Ukraine war, and strategic blocs reduce cooperation within the WTO.<\/li>\n<li><strong>Developing Country Status Disputes:<\/strong> Disagreement over benefits for large economies like China.<\/li>\n<li><strong>India&#8217;s Concerns:<\/strong> MSP exceeding subsidy caps and reluctance to negotiate labor\/environmental standards.<\/li>\n<li><strong>WTO&#8217;s Significance:<\/strong> Despite challenges, it facilitated trade growth, reduced poverty, and provided a platform for the Global South.<\/li>\n<li><strong>Revival Measures:<\/strong> Equitable globalization, enforceable digital trade rules, restoring dispute settlement, redefining SDT based on dynamic criteria, trade-climate linkages, and a permanent reform council.<\/li>\n<li><strong>Loss of Compass:<\/strong> WTO is not performing negotiating, dispute settlement, or trade monitoring functions, according to some experts.<\/li>\n<li><strong>US Distrust:<\/strong> The US believes it lowered tariffs too much compared to other countries and feels MFN has not worked.<\/li>\n<li><strong>China Challenge:<\/strong> WTO rules were inadequate to address China&#8217;s dominance and trade practices.<\/li>\n<\/ul>\n","protected":false},"excerpt":{"rendered":"<p>WTO&#8217;s Diminished Relevance: Rising protectionism, paralyzed dispute settlement, proliferation of FTAs challenge WTO&#8217;s role. Dispute Settlement Crisis: The Appellate Body is non-functional due to blocked appointments by the US since 2019, weakening enforcement. Negotiation Stalemate: Doha Round failed due to disagreements on agriculture, market access, subsidies. MFN Erosion: FTAs bypass MFN obligations, fragmenting trade rules, &#8230; <a title=\"WTO: Reboot\" class=\"read-more\" href=\"https:\/\/exam.pscnotes.com\/current-affairs\/wto-reboot\/\" aria-label=\"Read more about WTO: Reboot\">Read more<\/a><\/p>\n","protected":false},"author":1,"featured_media":16100,"comment_status":"closed","ping_status":"open","sticky":false,"template":"","format":"standard","meta":{"footnotes":""},"categories":[595],"tags":[1287],"class_list":["post-16097","post","type-post","status-publish","format-standard","has-post-thumbnail","hentry","category-current-affairs","tag-28-04-25"],"yoast_head":"<!-- This site is optimized with the Yoast SEO Premium plugin v22.2 (Yoast SEO v23.3) - https:\/\/yoast.com\/wordpress\/plugins\/seo\/ -->\n<title>WTO: Reboot - Current Affairs Exam<\/title>\n<meta name=\"robots\" content=\"index, follow, max-snippet:-1, max-image-preview:large, max-video-preview:-1\" \/>\n<link rel=\"canonical\" href=\"https:\/\/exam.pscnotes.com\/current-affairs\/wto-reboot\/\" \/>\n<meta property=\"og:locale\" content=\"en_US\" \/>\n<meta property=\"og:type\" content=\"article\" \/>\n<meta property=\"og:title\" content=\"WTO: Reboot\" \/>\n<meta property=\"og:description\" content=\"WTO&#8217;s Diminished Relevance: Rising protectionism, paralyzed dispute settlement, proliferation of FTAs challenge WTO&#8217;s role. Dispute Settlement Crisis: The Appellate Body is non-functional due to blocked appointments by the US since 2019, weakening enforcement. Negotiation Stalemate: Doha Round failed due to disagreements on agriculture, market access, subsidies. MFN Erosion: FTAs bypass MFN obligations, fragmenting trade rules, ... 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Dispute Settlement Crisis: The Appellate Body is non-functional due to blocked appointments by the US since 2019, weakening enforcement. Negotiation Stalemate: Doha Round failed due to disagreements on agriculture, market access, subsidies. MFN Erosion: FTAs bypass MFN obligations, fragmenting trade rules, ... 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