What do businesses want from the multilateral trading system?
The way business is conducted has evolved considerably over the last 15 years. More and more, global companies rely on components manufactured in other countries to make their finished products. Global trade rules have not kept pace with these emerging business trends. With the Doha round stalled it has become increasingly important for business leaders to define their priorities for the global trading system. What do businesses want and expect from the WTO and the global trading system? Victor K. Fung, Chairman of the Li & Fung Group, and Harold McGraw III President and CEO, The McGraw-Hill Companies, discuss this issue with Keith Rockwell, WTO Spokesman.