Protectionist buzzwords could ruin the World Trade Organization ...Middle East

The news out of Geneva last week was that the World Trade Organization (WTO) will live to see another day. That’s because the 12th Ministerial Conference (MC12) did enough to get members talking about the need to reconvene for MC13. The “deliverables” include a deal on fisheries, a declaration on food security and a waiver on intellectual property with respect to COVID-19 vaccines. There are many details still to be worked out. Several topics, like dispute settlement, were left to future meetings. Now comes the hard work. Trade ministers need to get support back home for what they did in Geneva. This task will be made more difficult by two buzzwords of the day: “near-shoring” and “f

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