CSIS published an op-ed by Senior Research Fellow Joseph Glauber on the WTO. Global agricultural trade has seen tremendous growth since the creation of the World Trade Organization (WTO) in 1995. Since 1995, global agricultural exports have more than tripled in value and more than doubled in volume, exceeding $1.8 trillion in 2018. Through the leadership of the United States and others, countries forged a multilateral agreement that created the WTO and brought discipline to agricultural trade by increasing market access through lower tariffs, lowering trade-distorting support, and capping and reducing export subsidies. The next four years will present an opportunity for the United States to again take up a leadership role in global trade policy. But this will mean abandoning its aggressive unilateralism and instead working with its trading partners to find solutions to those problems. Republished in American Enterprise Institute
It is time for the United States to again show leadership at the WTO (Center for Strategic and International Studies)
September 18, 2020