When India and the US last week ended a bitter dispute that had paralysed the World Trade Organisation, it drew cheers from business groups: multilateralism is back!
Together with another deal struck a few days earlier with China to unlock negotiations on updating the rules on trade in IT products, the deal in India seemed to put things back on track at the WTO.
But is that really the lesson that the corporate world should take from the events of the past week?
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