Paris, France, 24 April 2018 : Although recent developments have challenged the established liberal consensus on globalisation, this process is set to continue due to the technological forces underpinning its evolution. While there is rising political opposition in light of increased inequality, undoing the current levels of economic integration will not be easy and strictly […]
A few days before a US ultimatum on metals tariffs expires, former WTO president Pascal Lamy told DW that the EU needs to counter Trump’s threat with tariffs of its own, and seek to resolve the dispute at WTO.
The non-preferential rules ultimately become ineffective because every country is entitled to most-favoured nation (MFN) status. Former World Trade Organisation (WTO) Director General Pascal Lamy has observed:
INTERVIEW – L’ancien directeur général de l’Organisation mondiale du commerce est l’invité du «Grand témoin Le Figaro». Donald Trump rebat les cartes de la politique commerciale américaine à coups de décisions spectaculaires. Pascal Lamy appelle l’Europe au sursaut.
Donald Trump saborde l’ordre international bâti par ses prédécesseurs depuis la Seconde Guerre mondiale. Mais dans le commerce, la finance, la lutte contre le réchauffement, un nouvel ordre émerge, sans les Etats-Unis. Devra-t-il, pourra-t-il s’affirmer contre l’Amérique ?
Twenty three years ago, the United States and just about every country in the world decided that they were going to create a common set of rules about trade. Rule one: If anyone broke these rules, everyone would immediately report to a lake in Switzerland—home of the World Trade Organization.
