China's 20 Years at the WTO, and What Lies Ahead

The video discusses the impact of China's economic rise on global trade and the role of the WTO in facilitating multilateral trade. It highlights challenges in integrating China into the WTO's market-based system and the current issues with the WTO's dispute settlement mechanism. The video also explores the influence of regional trade agreements and the opportunities for the WTO to address new trade issues in a post-pandemic world.

What is the hope for the economic relationship between China and the United States?

• To compete fiercely in global markets

• To rise together and share mutual prosperity

• To isolate from each other economically

• To dominate the WTO independently

Why is the WTO considered central to world trade?

• It operates independently of its members

• It focuses solely on digital trade

• It facilitates multilateral negotiations among countries

• It enforces unilateral trade agreements

What is a key function of the WTO that needs strengthening?

• The environmental regulations

• The agricultural trade policies

• The dispute settlement mechanism

• The digital trade facilitation

What is a common misconception about China's role in the WTO?

• China has no influence in the WTO

• China is the smallest economy in the WTO

• China follows all WTO rules perfectly

• China is the only country with a statist economy

What is the current status of the WTO's appellate body?

• It operates with temporary judges

• It has been non-functional since 2019 due to lack of judges

• It is fully functional with all judges appointed

• It only handles digital trade disputes

How do regional trade agreements interact with the WTO?

• They are completely independent of the WTO

• They ignore WTO rules

• They reiterate WTO obligations and add new ones

• They replace WTO obligations entirely

What opportunity does the WTO have in the post-pandemic world?

• To become a regional trade organization

• To eliminate all existing trade rules

• To address new trade issues like digital trade and health

• To focus solely on agriculture