Last month, the Canadian Association of Importers and Exporters held their annual meeting in Toronto, Ontario. Sergio Marchi was invited to give some remarks at the conference. Here is an excerpt:
Despite the problems that the WTO has had in bringing home its current global trade round — the Doha Development Agenda (DDA) — after 10 years of negotiations, in a global village that keeps getting smaller, if we did not have the WTO, we’d have to invent such an institution.
And in regards to the US, we should never underestimate their ability to renew itself. It was former President Clinton who once told a Davos WEF business crowd, ‘whoever has bet against America for the last 200 years, has lost money!
– I would not advocate moving off these two pillars; these pillars still hold huge vested interests for us.
You can find the rest of his remarks here.