Saturday, 14 July 2012

The row over the uniforms and the WTO factor

My comment re "Made-in-China US Olympic uniforms spark political row" (Reuters):

China joined the WTO in December 2001. Is it time the US considers leaving the WTO? 

The EU? 

A departure of the US (and the EU?) from the WTO would not mean no trade. It would mean reliance on bilateral rather than the multilateral (ie WTO) agreements re the "rules" of trade (and possibly other economic issues and, why not, economic immigration). 

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