By ICC Chairman Terry McGraw and ICC Secretary General John Danilovich

The Economist

“Your leader on the latest setback for the World Trade Organisation sets out an intriguing vision for the future of multilateral trade liberalisation (“No more grand bargains”, August 9th). But your call for a radical change of approach is dangerously premature. You say that the WTO has allowed the “best [to] be the enemy of the good” in negotiating new trade pacts. But in reality, last December’s Bali accord was a radical break from the orthodoxy of multilateral negotiations, moving away from the struggle for an all-encompassing grand bargain to strike a limited deal covering a handful of important trade reforms.”

Read the full letter: http://www.economist.com/news/letters/21613153-letters-editor