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The champions of global trade are inadvertently taking steps that undermine the World Trade Organisation (WTO).

This paper examines the governance problems in the monetary system and global trade and regulation. It then explores whether issues have arisen because the US has given up its dominant role, and if so how these might be rectified.

With no end in sight for the trade tensions between the US and China, efforts to advance the circular economy in both economies are seemingly under threat.

The first few gatherings of the G20, at the height of the global financial crisis, yielded concrete results, and seemed to promise an auspicious future for global governance. But in the years since, the group has increasingly replaced action with empty talk.

As necessary as it remains to improve rules-based systems, the future of international order will also rely on states engaging more creatively with a wider range of constituencies – from citizens and civil society to the private sector and local political actors.

Though it is under political pressure, there are reasons to be hopeful about the World Trade Organization’s future.

This piece recommends a framework for strengthening US-EU trade relations and achieving successful trade talks in the current era of protectionism.

Although they haven’t even started yet, United States-European Union trade talks already face major obstacles. Moving forward is critical to end the ‘tug of war’ between the US and EU. The best way to get there is to take a multifaceted approach aimed at both the transatlantic market and the global trading system.

This paper recommends a framework for strengthening US–EU trade relations and achieving successful trade talks in the current era of protectionism.