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


Source: afr.com afr.com
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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…