8/8/14

A few steps down to destroy WTO


These days sanctions and retaliation  is a hot topic. The first round is over and we will likely observe escalation well supported by political rhetoric.  In the long run, the system of world trade falls with acceleration.  The problem is not the current ping-pong with billions lost. The root problem is the political coup de grace to the overall trust and confidence between business agents.  It is not clear how to behave and calculate risks if the level of loss is out of control.
Dark ages knock the door - claims in WTO will increase in number and volume. It is not excluded that WTO will be paralyzed in a few months.

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