WTO wordings, the solution to diplomatic jitters

There are more excluded territories or sanctioned countries (from an insurance geopolitical standpoint) that are genuine members of the World Trade Organization (WTO) as opposed to observation members.

In contract law only political risk insurance would help entities deal with the negative effects of sanctions on their revenue and/or profitability.


Insurance contracts used to have a trade and sanctions clause mentioning the WTO. It suddenly changed when the sanction limitation exclusion clause came to the fore.

It is baffling that the WTO stance on the war in the Ukraine is being ignored.

Wordings matter in geopolitical times. MORE than ever. The Washington Post contends that the WTO agreements do not include a provision that explicitly authorizes expulsion. In such contracts it would appear that no criteria, such as maintaining democratic order, that might provide grounds for suspension were established.

This is astonishing and appears to contradict what, as part of the Davos forum coverage, a Wintherthur report indicated in January 1996, a year after the WTO had been set up.

Instead of the United Nations barred by the Six Powers, it is at the WTO that the pressures should be initiated.

The irony of freedom of trade is to get a trade off on the freedom to trade for democracy.

The answer to diplomatic jitters is through the WTO.

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