Teamwork Challange Concept.

The Value of the WTO

As a new resident in Geneva, I consulted with a number of WTO Ambassadors to the WTO as well as senior members of the secretariat. Several members offered a bottom line value to the WTO: the WTO system is providing essential stability without which business would have far less certainty. Without the WTO system in place, economic activity — both cross border and domestic – would be sharply reduced. Anyone who cares about either the level of economic activity for a country or for a company should pause and consider that truth.

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vector illustration of a medieval sailing ship.

When a “Trade War” is a War

We often talk about “trade wars,” but in the era of a rules-based trading system the phrase typically refers to the use of tariffs or import restrictions to inflict economic harm. It was not always so. Before the GATT and its design for the peaceful settlement of commercial disputes, the use of military power in international economics was commonplace. Take the case of the fight over control of nutmeg production in the 1660s.

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Candid tourist cyclist sightseeing

Trade’s Biggest Fan Base

One group of supporters — Millennials — may shape public sentiment and policy about the topic in surprising ways.

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Seamstress in a chinese textile factory

Export-Led Growth is Waning in East Asia

Changes are underway which could substantially diminish the relevance of export-led development strategies for countries in East Asia.

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NAFTA Turkeys

Let’s Talk Turkeys

Americans may be among the world’s most prodigious consumer of turkeys, but turkeys have become an increasingly popular holiday food in Mexico. Ninety percent of the turkeys at those Mexican fiestas will have come from American farms – in part thanks to NAFTA.

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Watercolor cranberries

The Cranberry: A Cautionary Trade Tale About a Native Super Fruit

A whopping 20 percent of the nearly 400 million pounds of cranberries we consume per year are eaten during Thanksgiving week alone. It’s a logical growth strategy to share our love of cranberries with global eaters year-round, but without a trade agreement with our largest markets, we could lose out to growers from other countries.

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Portrait Of Female Nurse Standing In Hospital Corridor

Why More Students Should Go to College in High School

“Dual enrollment” programs – where students attend both high school and college – are gaining in popularity as college costs soar. It’s a trend that deserves to be embraced and expanded.

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Giant Picnic

Looking Beyond the Wall: How the U.S. Economy Can Grow Through Immigration

Great companies know that their employees are their most valuable asset. That’s why they compete to attract the best talent. For companies hiring workers in the United States, that talent pool is comprised of both native-born Americans – and immigrants. We are lucky because the United States has always attracted top talent from around the world.

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Garbage Boat

China No Longer Treasures the World’s Garbage: The WTO Provides a Place to Trash Talk

Approximately one-third of the scrap recycled in the United States is exported. China is our largest customer.

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Desperate and fired businessman walking away from office

Will the U.S. Walk Away from Binding Dispute Settlement?

If the Trump administration seeks an end to binding dispute settlement procedures, it would represent a significant departure from decades of the United States leading the global charge for making dispute settlement in trade agreements binding and enforceable.

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