World Perspectives

Spinning the WTO Wheels

India this week blocked a perfunctory motion at the WTO to move surplus WTO funds from 2021 into 2023. All other WTO members agreed that the funds could be used to cover the organization’s “mandatory and unavoidable expenses.” Reportedly, other WTO members characterized India’s obstinance as reflecting abuse of the consensus-based decision making of the organization. India covers just 2.2 percent of the organization’s funding, a paltry $4.4 million, or 0.0007 percent of its $570 billion in world trade benefits.   Granted, India is not the only member to “abuse” the consensus requirement. The organization lacks an appellate function because the U.S. continues to block it. And the dispute s...

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From WPI Consulting

Communicating importance of value-added products

Facing increasing pressure to quantify the value of export promotion efforts to investors, a U.S. industry organization retained WPI to develop a quantitative model that better communicated the importance of exports. The resulting model concluded that value-added meat exports contributed $0.45 cents per bushel to the price of corn, increasing support for that sector’s financial support of WPI’s client. In addition to serving the red meat industry with this type of analysis, WPI has generated similar deliverables for the U.S. soybean and poultry/egg industries.

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