Is the WTO Growing Irrelevant or Adapting to a Fragmented Global Economy?

Is the WTO Growing Irrelevant or Adapting to a Fragmented Global Economy?

By Chey Rany, Sambatt Ratneary, and Nhim SotheavinFor decades, the World Trade Organization (WTO) has served as the “global trade regulator,” that focuses on enforcing a rules-based system, designed to lower tariffs and ensure no discrimination through a principle called “Most-Favoured-Nation (MFN).” However, this organisation is widely known to be in an existential crisis. The irony of its dispute settlement mechanism, specifically the Appellat…