VICTOR FUNG

For the future world-trading regime to mirror economic reality and to allow the use of modern business strategies, we need a single overarching multilateral framework for trade. We can have either a flat world or a patchwork of crisscrossing mountain ranges and tunnels.

A multilateral world trade system is our very best hope for addressing the broad range of issues such as market access, tariff and nontariff barriers to trade, trade in services, and trade facilitation.

For the future world-trading regime to mirror economic reality and to allow the use of modern business strategies, we need a single overarching multilateral framework for trade. We can have either a flat world or a patchwork of crisscrossing mountain ranges and tunnels.

A multilateral world trade system is our very best hope for addressing the broad range of issues such as market access, tariff and nontariff barriers to trade, trade in services, and trade facilitation.