Business, Management and Accounting
4 years ago

US-China Trade Agreement Threatens World Trade Organization's Existence.

SSRN Electronic Journal
A New and Controversial Approach to Dispute Resolution Under the U.S.-China Trade Agreement of 2020
Daniel C. K. Chow

Paper Summary

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The US-China Trade Agreement of 2020 aims to resolve trade disputes between the two countries. The US is trying to weaken the World Trade Organization (WTO) by creating its own dispute resolution system under the agreement. This could lead to other countries also bypassing the WTO. To save the WTO, major nations need to come together for a full-scale negotiation on the WTO dispute settlement system.