Afghanistan accession

The WTO Supports Economic Resolutions

New WTO members Afghanistan and Liberia are cheerleaders for other countries seeking WTO membership, including Iraq, Somalia and Timor-Leste. These countries are resolved to rebuild their post-conflict economies and believe that making commitments in the WTO will undergird necessary, but difficult, economic reforms at home.

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vector illustration of a medieval sailing ship.

When a “Trade War” is a War

We often talk about “trade wars,” but in the era of a rules-based trading system the phrase typically refers to the use of tariffs or import restrictions to inflict economic harm. It was not always so. Before the GATT and its design for the peaceful settlement of commercial disputes, the use of military power in international economics was commonplace. Take the case of the fight over control of nutmeg production in the 1660s.

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