Floral background decorated blooming cherry flowers branch, bright blue backdrop for spring time season design. Banner, poster, flyer with place for your text. Paper cut out style, vector

Time to Renew the WTO

One could liken the World Trade Organization (WTO) reform process to the Japanese ritual of hanami (flower viewing), where everyone takes pause to appreciate the gift of the sakura cherry blossoms as a community. The current global trading system has generated opportunities for every member to pursue growth and prosperity through increased trade. We've come to rely on it and rarely stop to appreciate it. Members are now looking to renew the purpose and functioning of the WTO in at least three areas.

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beef cuts purchased

An Offal Lot of Exports: The Trade in Variety Meats

When it comes to variety meats, the best prices can typically be found in foreign countries where offal is more popular. International trade allows the U.S. meat industry to capitalize on differences in consumer preferences and maximize value.

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Japanese KitKats

Cherry Blossom KitKats, Bubble Tea, and Pocky Sticks: Trade Spreads Asian Twist on Snacks

Cherry blossom, green tea, and red bean are popular flavors in Asia used in a wide variety of snack foods. The core ingredients of some of these snack foods were not native to Asia. But global trade spread access to non-native plants and ingredients, enabling other countries to put their own flavor spin on new products.

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Education for Africa: Technology Symbol African Woman Studying Learning Lesson

Have Trade “Preference” Programs Kept Up with the Times?

The concept of creating a generalized, non-reciprocal system of preferences for developing countries dates back to 1968. But enabling legitimate forms of discrimination has predictably had positive and negative consequences and there’s little economic data to demonstrate the programs have accrued significant benefits.

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Milled spices - garlic, turmeric, paprika, anise, oregano, cardamom. Round of golden spoons on blue wooden table. Top view, close-up

Spicy Trade: U.S. and India Turn Up the Heat

Turmeric is the new “it” spice. While things are golden for trade in turmeric, less can be said for U.S.-India trade relations as a whole. Tensions have been heating up over the past few years, culminating in the recent announcement from the White House that India could soon be terminated from the U.S. Generalized System of Preferences (GSP) program.

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