If we allow the WTO to expand liberalization, it would mean even more race-to-the-bottom policies would be bound by international law. Think of it as austerity but mandated legally, and just about impossible to get out of.
The idea of trade facilitation is simple: help developing countries implement measures to reduce the cost of trading across borders by improving infrastructure, institutions, services, policies, procedures, and market-oriented regulatory systems.
The epidemic of indecision is a global phenomenon with disastrous consequences. The need for global decision-making is becoming ever more critical as our decades-long beneficial trend toward more open economic policies begins to stall.
None too soon, Obama seems to have discovered that one of the best ways to create jobs and growth is through more world trade. To create the most jobs and the most growth through trade, he must also discover the World Trade Organization.