As this year’s G20 host, Indonesia has its work cut out managing the geopolitics of Russia’s membership. But it now also has the opportunity to build on the Geneva Package agreed by the WTO.
Despite the hype, the World Trade Organisation is not dead, and nor is globalisation.
The 12th Ministerial Conference, or MC12, of the WTO last month produced a “Geneva Package” that included only the second new multilateral agreement (after the Trade Facilitation Agreement) in the WTO’s 27-year history – to end fisheries subsidies – as well as a commitment to reform the institution and restore the dispute settlement system to ensure the enforcement of rules.
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Shiro Armstrong is a professor and director of the Australia–Japan Research Centre at the Crawford School of Public Policy at the Australian National University.
