The World can’t sit idly by if the US insists on going its own way: Global Times editorial
By Global Times Published:
Dec 25, 2022
https://www.globaltimes.cn/page/202212/1282614.shtml
The British
newspaper The Guardian published a report on December 24 with the headline
"Australia and China team up to protest WTO blockages caused by US vetoes
on appeal body." In fact, it is not just the "China-Australia
team," but a joint proposal by as many as 127 members to protest the US'
long-term obstruction of the appointment of judges to the WTO's Supreme
Appellate Body, which has paralyzed it for three years. The proposal calls for
the immediate start of the judge selection process and restoring the
normal operation of the WTO dispute settlement mechanism as soon as possible.
This was the 61st proposal made by the vast majority of WTO members on this
issue, and it represents the common and strong voice of justice in the world.
What is infuriating is that the US also responded with contempt for the 61st
time. The Guardian singled out China and Australia, perhaps thinking that it
would be eye-catching to say that even Australia is standing with China against
the US. But this does reflect that, on a major international issue, the US
stands on the absolute mainstream opposite side of the international society.
What's even worse is that it is completely indifferent to this, refusing to
accept or provide legitimate legal reasons for obstructing the selection
process, and confronting the world with its own selfishness.
The proposal stressed "the urgency and importance" for all to see,
and the urgency and importance are becoming more pronounced over time. Anne
Osborn Krueger, the former chief economist of the World Bank, recently
published an article warning that countries around the world are sleepwalking
toward a global trade war. Both the Inflation Reduction Act and the CHIPS and
Science Act will come into effect on January 1, 2023. It can be said that these
are two trade time bombs that the US has sent to the world. Among them, the
discriminatory trade protectionist provisions have been unanimously opposed by
the international community, including most of the allies of the US, which is
likely to ignite a super-large-scale global trade war. It is conceivable that
this will be an unbearable burden for the global economy next year.
It feels like, with flood coming, the US has poked a hole in the disaster
prevention dam built by the international community, and no one else is allowed
to block it. This is a perilous situation facing international trade today.
Leaders of many international organizations such as the WTO, World Bank and
International Monetary Fund have expressed concerns about the global economic
recession next year. Against this backdrop, if a global trade war breaks out,
it will not just add insult to injury. A report released by WTO predicts sharp
slowdown in world trade growth in 2023, with the growth to slow to 1 percent
next year, a sharp decline from the 3.4 percent previously estimated. The
situation is evidently very grave. The world's trading powers must act to
prevent a global trade war. If the US continues to add fuel to the fire at such
a time of global crisis, it is engaging in criminal acts against the common
interests of humankind.
To some extent, the US has become the grey rhino of the international trade
system. The damage aroused by its collision may lead to the collapse of the
international trade system, which will inevitably trigger severe global
consequences and aggravate social unrest and political anger on the global
scale. All these should be put on the US. It is hoped that the US knows what it
is releasing from the box.
The WTO's recent consecutive judgments, which were against the US, have dealt a
heavy blow to the country, and may intensify the US' rebellious mentality.
Given the US' character, it will not look for problems on its own. Instead, it
is more likely to feel that the problems are all rooted in the WTO mechanism.
At the same time, it's clear that an increasing number of countries have
expressed their opposition to the selfishness and arrogance shown by the US in
the field of international trade. The US' four characterizations summarized by
Li Chenggang, China's Ambassador to the WTO, are appropriate, that is, "a
saboteur of the multilateral trading system," "an expert of
unilateralism and bullying," "a manipulator applying double standards
in industrial policies" and "a disruptor of global industrial and
supply chains." In the matter of international trade, the US has gradually
fallen into an "alienated" situation.
Some argue that if the US insists on going its own way, there is nothing we can
do about it. Words cannot be said like that and this is not the case. For
example, in regard to the joint proposal of 127 members, although the US
rejected it once again, every time it turns it down, the cost of credibility
and the moral pressure it faces will increase exponentially, and it will
eventually reach the critical point it can bear. Standing alone on the opposite
side of international justice, where it is freezing, the US can hardly bear the
cold no matter how brazen the US is.
No hay comentarios:
Publicar un comentario