There are 700m poor for 70 Indian billionaires. So much for democracy and welfare economics of Amartya.
WTO was a non starter all the way. It assumed that by lobbying with the governments in power the developed world could con the developing. It should be not discussed any more. Without it the global trade in recent years has flourished like never before. Any unequal, binding agreement like WTO might have only impeded it.
Noncompetitive European nations will lose the trade war with a country like China, which will exact technology transfer through arm-twisting. No future trade agreement should try to protect the noncompetitive.