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Significance
Tai will continue to make the Biden administration’s case that the WTO needs reform to make it fit for purpose in the 21st century. Opposition to reform will come from India and South Africa, with encouragement from China, and the prospects of meaningful progress are low.
Impacts
The only consensus at the Abu Dhabi ministerial meeting is likely to be on formal WTO accession for Comoros and East Timor.
US approval of Hanoi’s request to be granted market status, to be decided by July, would move more export production from China to Vietnam.
The recent departures of several senior trade officials will diminish the Biden administration’s trade policymaking capacity.
Keywords:
United States,
NA,
WTO,
economy,
international relations,
politics,
foreign policy,
foreign trade,
government,
sanctions,
steel,
talks
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2024
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