Today WTO celebrates its 25th birthday.
A new study from Bertelsmann shows that almost all members have gained significantly, especially the US and China.
Whether it is looking forward to a rosy future is however uncertain. Their largest members, the US and China escalate their tariff disputes outside the organization. At the same time, the US’s blocking of the Appellate Body risks damaging the whole institution. The US and China should think twice though: together with Germany, they are among the largest beneficiaries of the rules-based trading system.
You can read the article and report here: What has the WTO Ever Done for Us?
I want to wish all readers, colleagues, clients, partners and friends a Happy New Year !
See you in 2020. The year of Brexit.
Italian media today, on New Years Eve, claims that Swedish football supertalant Dejan Kulusevski will move to Juventus.
The Italian club is reported to have offered a bid of EUR 35 million, which has been accepted by Kulusevskis present club Atalanta. That would make him the second most expensive Swedish player ever, after Zlatan Ibrahimovic.
The 19-year-old Swedish national team player, for the moment on loan in Parma, is also said to have accepted a five-year contract worth more than EUR 3 million, excluding bonuses, per year.
Kulusevski has been brilliant in Serie A during the fall and has therefore been linked with a number of top clubs. Inter has long been the main contender, but now he looks instead to end up in Turin.
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