WTO delivers good news for logistics managers

Recent developments demonstrate that the World Trade Organization is not such a dysfunctional entity after all.

By ·

The World Trade Organization is the not such a dysfunctional entity after all. Late last week came news that the WTO’s 159 members came to an agreement to deliver a compromise package at the 9th Ministerial Conference.

This at long last, confirms the organization’s ability to serve as a forum for negotiation of international trade rules.

Perhaps more importantly, though, is that there is now a new base from which WTO nations can continue to elevate customs standards. 

This could further support the pending Trans-Pacific Partnership (TPP) Agreement and Transatlantic Trade and Investment Partnership (TTIP) negotiations now being hammered out.

Meanwhile, the final WTO agreement includes a set of commitments that will help increase global trade, reduce administrative costs and delays at the border as well as help promote economic development among the world’s poorest countries.

Congratulations to U.S. Trade Representative Michael Froman, and U.S. Ambassador to the WTO Michael Punke for spearheading this impressive achievement.


About the Author

Patrick Burnson, Executive Editor
Patrick Burnson is executive editor for Logistics Management and Supply Chain Management Review magazines and web sites. Patrick is a widely-published writer and editor who has spent most of his career covering international trade, global logistics, and supply chain management. He lives and works in San Francisco, providing readers with a Pacific Rim perspective on industry trends and forecasts. You can reach him directly at [email protected]

Subscribe to Logistics Management Magazine!

Subscribe today. It's FREE!
Get timely insider information that you can use to better manage your entire logistics operation.
Start your FREE subscription today!

Article Topics

Global · Global Trade · Trade · All Topics
Latest Whitepaper
Image-based Scanning for Inbound & Outbound Logistics
In an era where making the "business case" for technology investments isn’t always easy, image-based barcode scanning stands on its own when it comes to ROI.
Download Today!
From the January 2017 Issue
Following LM tradition, we start off the New Year with our annual “Rate Outlook” cover story and subsequent Webcast
Moore on Pricing: The other TMS functional options
2017 Rate Outlook: Where are freight transportation rates headed?
View More From this Issue
Subscribe to Our Email Newsletter
Sign up today to receive our FREE, weekly email newsletter!
Latest Webcast
2017 Rate Outlook: Where are freight transportation rates headed?
Join our panel of top oil and transportation analysts for an exclusive look at where rates are headed and the issues driving those rate increases over the coming year.
Register Today!
EDITORS' PICKS
2017 Rate Outlook: Will the pieces fall into place?
Trade and transport analysts see a turnaround in last year’s negative market outlook, but as...
Logistics Management’s Top Logistics News Stories 2016
From mergers and acquisitions to regulation changes, Logistics Management has compiled the most...

Making the TMS Decision: Ariens Finds Just the Right Fit
The third time is the charm for this U.S. manufacturer on the hunt for a third-party logistics (3PL)...
Motor Carrier Regulations Update: Caught in a Trap
The fed is hitting truckers with a barrage of costly regulations in an era of scant profits....