International trading system: Up the down staircase?

The future of the international trading system under modern challenges is uncertain. surge protectionism, re-balancing power between nations, and a recent pandemic along with expanding digitalization demonstrate necessity rethinking global trade governance. paper aims to reveal key provide possible ways address them. Participants in debate indicated that protectionism inevitably remains policy, although liberalization multilateral talks could incentives for more fair trade. interconnectivity framework value chains requires new agenda. It clear states, especially circumstances, primarily defend their national interests. However, strategically all WTO members will benefit from development cooperation. responsibility policy makers companies, those most powerful, maintain sustainable economic development. COVID-19 made evident core problems system. has also provoked “pandemic-specific” which should be taken into account developments Digital technologies certainly re-shape structure trade, regardless whether it happens revolutionary or evolutionary manner. globalization leads digital divide among nations adjust policies. World Trade Organization not obliged cope these issues, but its are.