WTO Needs 21st Century Rulebook: Okonjo-Iaweala

The video discusses the current challenges faced by the WTO, emphasizing the need to update its rulebook to address 21st-century trade issues such as e-commerce, digital trade, and the green economy. It highlights the importance of reforming the dispute settlement system, which has been paralyzed, and ensuring successful outcomes in multilateral negotiations. The video also addresses the need to make trade more inclusive by considering micro, medium, and small enterprises, as well as women in trade. Finally, it examines the stalemate in the dispute settlement arena, particularly the concerns raised by the United States regarding the appellate body's functioning.

What are some of the new economies that the WTO's trading rules need to encompass?

How can the stalemate in the dispute settlement arena be resolved according to the text?