The WTO tries to make itself useful. The World Trade Organization is beginning talks on how to “circumvent” one of its founding principles: that all decisions should be made by consensus. The WTO has not signed a new trade agreement in 20 years, which has turned off developing nations.

The WTO tries to make itself useful. The World Trade Organization is beginning talks on how to “circumvent” one of its founding principles: that all decisions should be made by consensus. The WTO has not signed a new trade agreement in 20 years, which has turned off developing nations.

Any such move risks generating a backlash from emerging powers such as Brazil, China, India and Russia. Trade officials from developing nations, however, say they are not wholly opposed to finding an alternative to the current deadlock. Brazil, China and Russia are both known to be frustrated with India’s stand and China earlier this year joined the US-led plurilateral negotiations on environmental goods

http://www.ft.com/intl/cms/s/0/a289ba90-51e7-11e4-b55e-00144feab7de.html?siteedition=intl#axzz3FwplwyfK

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