Get all your news in one place.
100's of premium titles.
One app.
Start reading
International Business Times
International Business Times
Business
Olivia Harper

WTO Marginalized As EU–US Trade Deal Signals Shift Away From Multilateralism

The WTO headquarters at the Centre William Rappard in Geneva, Switzerland. (Credit: AFP)

As world leaders praised Sunday's long-awaited trade agreement between the European Union and the United States, one international institution was conspicuously absent from the conversation: the World Trade Organization. Once considered the crown jewel of post-war economic cooperation, the WTO was neither mentioned in the joint press statements nor acknowledged in the deal's architecture.

According to Reuters, the agreement was reached bilaterally between Washington and Brussels after months of high-stakes negotiations that excluded WTO channels entirely. No appeals were filed. No dispute panels convened. The world's largest and most complex trade relationship was renegotiated without a single nod to multilateral frameworks.

Sign up to read this article
Read news from 100's of titles, curated specifically for you.
Already a member? Sign in here
Related Stories
Top stories on inkl right now
One subscription that gives you access to news from hundreds of sites
Already a member? Sign in here
Our Picks
Fourteen days free
Download the app
One app. One membership.
100+ trusted global sources.