Tag: U.S.-China Trade War

Examine how the resurgence of trade barriers and economic sanctions has undermined the principles of GATT and contributed to the decline of the WTO.

~ Polity Prober

The Resurgence of Trade Barriers and the Decline of the World Trade Organization (WTO) Introduction The World Trade Organization (WTO), established in 1995 as the successor to the General Agreement on Tariffs and Trade (GATT), was designed to promote free trade, reduce trade barriers, and resolve disputes among member states. It represented a major step … Continue reading Examine how the resurgence of trade barriers and economic sanctions has undermined the principles of GATT and contributed to the decline of the WTO.