On December 15, at 12:00 Moscow time (GMT+3), the Valdai Club will host an online discussion, titled “WTO Reform: Can the Organisation Restore Its Clout?”
This year the World Trade Organization (WTO) celebrates its 25th anniversary. In the midst of profound contemporary shifts and shocks facing humankind, the WTO, created as the only international body responsible for global trade rules between states, is evidently not where pressing trade problems are being solved.
The talk of expanding trade cooperation comes amid active unilateral intervention policies in response to the COVID-19 pandemic. According to the Global Trade Alert, a new policy intervention that affected cross-border commerce was introduced every 3.5 hours worldwide this year.
The pandemic is an excellent example of the type of shock that the governments and the WTO must respond to. That shock interacts with the underlying shifts taking place in the world economy. Over the years, the negotiation process within the WTO has slowed down, which affected the quality and pace of decision-making, including the pandemic period. It remains unclear whether the organisation is able to become an integral part of the emerging architecture of the global economy and retain its status as the main regulator of the world trade.
How efficient is the WTO during the current crisis? How does the current set of WTO rules correspond to modern realities? What institutional and substantive reforms are needed by the WTO? The participants in the expert discussion will answer these and other questions.
Simon Evenett, Professor of International Trade and Economic Development, University of St. Gallen
Dmitry Lyakishev, Permanent Representative of Russia to the WTO
Ekaterina Mayorova, Director of the Trade Negotiations Department of the Russian Ministry of Economic Development
Yaroslav Lissovolik, Programme Director of the Valdai Discussion Club.
Working languages: Russian, English.
For accreditation, you must fill out the form on our website, indicate your personal mobile number and have the WhatsApp application installed.
Please send questions for speakers to [email protected] or via WhatsApp to the number: +79269307763. Be sure to include your name and title, as well as the name of the speaker to whom the question is being addressed. Questions will be asked during the Q&A session.