Me­dia

WTO in its 25th Year

Pro­tec­tion­ism in­stead of free trade, puni­tive tar­iffs in­stead of dis­man­tling trade bar­ri­ers. In re­cent years, the lib­er­al eco­nom­ic or­der has come un­der pres­sure. These de­vel­op­ments are also af­fect­ing the in­flu­ence the World Trade Or­ga­ni­za­tion (WTO) has over its mem­bers. SRF Tagess­chau talks to Ralph Ossa, who points to the WTO’s twofold task: “On the one hand, the WTO is com­mit­ted to fur­ther trade lib­er­al­iza­tion. On the oth­er hand, and this is of­ten for­got­ten, the WTO is also sup­posed to pre­vent trade wars”. Ralph Ossa re­calls the be­gin­nings of the WTO, and its pre­de­ces­sor, the GATT: “These orig­i­nat­ed from the ex­pe­ri­ence that the trade wars pro­duce no win­ners. The ex­pe­ri­ence of the 1930s trade war led to coun­tries agree­ing on trade treaties. It re­mains to be seen if to­day’s lead­ers will also learn from the cur­rent cri­sis and reaf­firm their com­mit­ment to trade co­op­er­a­tion”.

Tagess­chau (in Ger­man) from 15.04.2019 Re­port starts at 15:34
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