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Wednesday, March 22, 2017

What could WTO do for South Korea?

SK had filed a complaint about China in WTO but could WTO do anything for SK?

WTO back-stabbed China by not granting market economy status automatically to China but China still supported WTO when USA stated it would ignore any WTO ruling.

WTO would be a useless organization if China also declared overtly that WTO had no jurisdiction.  USA and China are trying to establish a cordial relationship in April 2017 when the 2 countries meet in USA.  They will charter how the relationship will be for the next 50 years which will be of paramount importance for the world.

If WTO rules against China, China may retaliate by standing behind USA to ignore WTO ruling.  This will definitely make WTO look bad.

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