Dec 14, 2015 | Source: Politico
The credibility of the World Trade Organization could suffer a potentially crippling blow — with real costs for global business — if ministers gathering in Nairobi, Kenya, this week fail to reach agreement on something, anything, related to global commerce.
The meeting pits the interests of developed nations, led by the United States and allies like the European Union and Japan, against those of large emerging economies like China, India, Brazil, Argentina and South Africa. And despite the sharp rise in global tension from chaos in the Middle East and China’s posturing in the South China Sea, officials representing most of the world will get in a room together and try to unanimously agree on something.
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