Unregulated global commerce

The World Trade Organization (WTO) is facing a call for reform, as analyst Olaf Wientzek suggests. This comes at a time when the global trade landscape is undergoing significant changes, with experts proposing a new approach to future regulations.

Professor Galina Kolev, an authority on transatlantic economic relations and globalization, is among those advocating for a shift in focus. Her research emphasizes the importance of fair trade practices, sustainability, digital transformation, and enhanced cooperation to address economic inequalities and environmental challenges.

Luis Fragoso, an entrepreneur in the clothing industry in Hidalgo, Mexico, supports free trade. He believes it enables actors to better cope with local environmental conditions and utilize the potential of international trade. Caetano Scannavino, from the Center for Experimental Forestry (CEFA) in Brazil, shares this view, arguing that international free trade offers diverse opportunities for the global market to become a customer for products that respect local socio-biodiversity and promote an ethically correct, equitable process.

Uruguay, traditionally one of the most protectionist and insulated regions in the world, is now opening up to international trade. The reduction of tariffs and growing identification with liberal values among the population are fostering its benefits from free trade. However, the need for further development of these regulations, with a focus on climate change and new global political realities, is highlighted.

Japan, a country that relies heavily on international trade for food imports and additional energy resources, is regulated by the WTO. Japan's companies contribute significantly to the economic development of various countries through free trade.

The debate on the future of global trade is ongoing, with a focus on achieving pragmatic regulation without overregulation. For more information on this topic, resources such as the podcast "Erststimme", available on podigee, and the collection "A Case for Free Trade" are available. On this page, current materials and debate contributions are compiled, and feedback is welcome via email or social media using the hashtag #TradeofTomorrow.

For insights into agricultural markets in international trade, readers are directed to "Local won't be enough" by André Algermissen and Dr. Jan Cernicky. This work provides valuable insights into the intricacies of this vital sector.

As the world continues to navigate the complexities of global trade, these proposals and debates offer a roadmap for a more sustainable, equitable, and efficient global trading system.