WTO reform & e-commerce (S4 – Ep5)
Let's talk trade by WTO
English - August 05, 2022 15:06 - 30 minutes - 27.8 MB - ★★★★ - 3 ratingsEntrepreneurship Business Government trade world trade organization world trade wto Homepage Download Apple Podcasts Google Podcasts Overcast Castro Pocket Casts RSS feed
Previous Episode: Food security (S4 – Ep4)
International trade has progressed enormously since the founding of the WTO in 1995. The world trades a lot more – from just over 5 trillion dollars' worth of goods in 1995 to more than 22 trillion dollars in 2021. The world also trades in new ways - e-commerce accounts for more than 20 percent of total retail sales worldwide. Supply chains have also revolutionized trade, leading to the rise of products made "in the world".
Despite this radical transformation, the WTO and the rules of trade remain largely unchanged. Ambassador Didier Chambovey of Switzerland, the General Council Chair, and the WTO's Joan Apecu talk about the efforts to keep the organization fit for purpose and ready to respond to the realities of 21st century commerce.