Donald Trump’s shadow looms over World Trade Organisation’s summit in Abu Dhabi

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‘Bigger picture’ “Do Financial Review readers need to be glued to the WTO website, spam-refreshing the newsfeed? Probably not,” admits former Australian trade negotiator Dmitry Grozoubinski, now the Swiss-based executive director of the Geneva Trade Platform “But there is a bigger picture being shaped here. The WTO’s fundamental value is as a stability-generating system that is followed 98 per cent of the time. That system is now increasingly under strain.” Even before Trump, there’s already growing indifference to multilateral rules and processes. There is a worldwide lurch towards industry subsidies on a massive scale. And there is a rash of...