Opinion
G7 gives grounds for optimism about WTO reform
The trade policy detail included in the summit declaration means there is real hope of defusing global tensions and quieting the ‘drums of war’.
Gary SampsonContributorCordell Hull, the winner of the 1947 Nobel peace prize, wrote that “removing trade barriers would go a long way towards eliminating war”. More recently, Donald Trump said, “trade wars are good, and easy to win”.
With a degeneration of the trading system and debilitating obstacles facing Australian exports to China, we are told “the drums of war” are beating. Does the G7 declaration hold the solution to rising global trade tensions?
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