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Global rules-based order 'needs an update' : Tokyo forum hears arguments for reforms to modernise age-old bodies like WTO, among other suggestions

Mar 04, 2019 - The Straits Times (Singapore)

The fracture of the global rules-based order, as epitomised by the United States-China trade spat, comes as existing norms have not evolved fast enough to meet new challenges or cover new areas, panellists said at a forum yesterday.

"Rule-making which fits the new age is still behind the curve," Japanese Deputy Chief Secretary Yasutoshi Nishimura told the third annual Tokyo Conference organised by the Genron think-tank.

He said Japan will take the lead, as host of this year's Group...