CGTN published this video item, entitled “WTO @Geneva: Ready for a New Rulebook?” – below is their description.
As the 12th WTO ministerial conference winds up in Geneva on Thursday, everyone is asking whether new regional pacts like the RCEP or the politically driven Indo-Pacific Economic Framework led by the U.S. will eventually replace the WTO. But “The Hub with Wang Guan” reads a very different signal. Liu Baocheng, Dean at the Center for International Business Ethics in Beijing, says regional pacts can never replace the WTO, while Sourabh Gupta, senior Asia-Pacific international relations policy specialist at the Institute for China-America Studies in Washington, D.C., sees a greater role for China. With the U.S. rejecting its responsibilities, China must step up to the plate. As it transforms from a trade super power into a super trade and investment power, it must show it is capable of driving WTO reforms and new WTO rules to address the unprecedented challenges of a pandemic, geopolitics and climate crisis.CGTN YouTube Channel
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