CLEAN : WTO crisis doesn't mean global trade organization is over: WTO chief

The video discusses the changes in the WTO appellate body, emphasizing that while it will no longer review new dispute rulings, the WTO rules remain in force. Members are encouraged to find negotiated solutions to avoid trade restrictions. The sense of crisis may drive system changes, and the future will be different but not over.

What significant change is happening to the appellate body as of tomorrow?

• It will start reviewing past rulings.

• It will increase the number of judges.

• It will no longer review new dispute rulings.

• It will expand its jurisdiction.

Why do members continue to apply the WTO rulebook?

• To increase trade tariffs.

• To avoid legal penalties.

• Due to economic self-interest and commitment to legal principles.

• To gain political leverage.

What is emphasized as a key reason for maintaining sound relations with trading partners?

• To avoid trade wars.

• To increase exports.

• To preserve economic stability.

• To ensure legal compliance.

What is encouraged before introducing trade restrictive measures?

• Increasing tariffs.

• Finding negotiated and mutually acceptable solutions.

• Consulting legal experts.

• Seeking international approval.

What is the focus for the long-term solution in the global economy?

• Finding a sustainable and responsive system.

• Increasing trade barriers.

• Reducing international cooperation.

• Enhancing domestic policies.