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Explore the challenges facing the global trade system and the World Trade Organization's role in a 17-minute conference talk from Web Summit. Delve into the importance of the WTO, its relationship with the US, and the dispute settlement mechanism. Examine whether the WTO risks becoming irrelevant, potential changes in America's stance, and the impact of trade wars. Gain insights from Karl Brauner and John Fraher on how the WTO can respond to threats against institutions that have safeguarded international trade since World War II.
