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We talk about saving the world from COVID-19. We also need to talk about saving global bodies like the World Trade Organization. Last week’s announcement of the early departure of WTO Director-General Roberto Azevedo creates an opening for some reassessment of its future role.
The Centre for International Governance Innovation (CIGI) in Waterloo, Ont., recently published a series of papers examining the challenges facing the WTO in this terribly different business world. All the papers ask the same question: is the WTO capable of making itself relevant in the age of e-commerce and the new frontier of online business?