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WTO_Pre19_0843.jpg

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Swiss government minister leaving the WTO after cutting the red ribbon to mark the completion of renovations of the WTO, (World Trade Organisation) HQ, which cost CHF 130 million, paid for by the Swiss government (70 million, plus 60 million in interest-free loans to the WTO). The World Trade Organisation, headquartered in Geneva, has 164 members, and in theory, negotiates and regulates global trade. It is however in crisis: new multi-lateral trade negotiations have been stalled for years, while it's principle dispute settlement body, the 'crown jewels' of the WTO and the global trading system, is almost completely blocked. Calls for reform are intensifying.
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© Mark Henley/Panos Pictures
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WTO Rules
Swiss government minister leaving the WTO after cutting the red ribbon to mark the completion of renovations of the WTO, (World Trade Organisation) HQ, which cost CHF 130 million, paid for by the Swiss government (70 million, plus 60 million in interest-free loans to the WTO). The World Trade Organisation, headquartered in Geneva, has 164 members, and in theory, negotiates and regulates global trade. It is however in crisis: new multi-lateral trade negotiations have been stalled for years, while it's principle dispute settlement body, the 'crown jewels' of the WTO and the global trading system, is almost completely blocked. Calls for reform are intensifying.