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Wednesday, March 1, 2017

WTO is fast losing its credibility.

https://sg.finance.yahoo.com/news/trump-administration-ignore-wto-rulings-sees-anti-u-030245789--finance.html

WTO refused to honour its own contract with China to grant the market economy status automatically after 15 years.  By setting such a bad example to the world, USA is just following suit by ignoring WTO rulings.

Why must other countries abide by WTO ruling when WTO refuses to abide by its own contract?

1 comment:

Eric Ho said...

http://in.reuters.com/article/us-usa-trump-trade-china-idINKBN1690XJ

China could have destroyed WTO's credibility further by it didn't. Instead of being vindictive, China lent support to WTO by not supporting Trump's threat. China should feel sore about WTO for not honouring the market economy status but it didn't. I must give kudos to China for being not vindicative.