Trade at the G-20 Osaka Summit: Jaw, jaw beats war, war
G20 leaders are due to discuss options to revive the moribund World Trade Organization (WTO) at this weekend’s Osaka Summit. Simon J. Evenett and Johannes Fritz discuss that since the last WTO Ministerial Conference in December 2017, trade officials have struggled to take forward several unrelated and incremental initiatives. There seems no apparent organizing logic, nor any systemic perspective. And even worse, the China-U.S. trade war has, according to the authors, absorbed bandwidth that could have been usefully deployed elsewhere.