what are the challenges faced by world trade organisation
Answers
Answer:
However, even before the Covid-19 pandemic, all three of the organization's functions – providing a negotiation forum to liberalize trade and establish new rules, monitoring trade policies, and resolving disputes between its 164 members are facing challenges.
Explanation:
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Answer:
China’s State Capitalism: The nature of China’s economic system, combined with the size and growth of its economy, has created tensions in the global trading system.
China’s state-owned enterprises present a major challenge to the free-market global trading system.
However, a critical part of the problem is that the rulebook of the WTO is inadequate for addressing the challenges that China presents in respect of intellectual property, state-owned enterprises and industrial subsidies.
It is due to this US-China are engaged in Trade war.