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Letter to BS: Policy shifts on currency, trade are short-term

There is a need to draft policy guidelines at the international level to prevent damage to the environment

The seven-member appellate body of the WTO, which acts as the top court for international trade disputes, is set to become useless from December
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Business Standard
This refers to your article “OECD sees global growth of 2.9% in 2019 and 2020” (November 22). The alphabets “ECD” themselves explain the purpose of its existence, namely, “economic cooperation and development”. There is a need to draft policy guidelines at the international level to prevent damage to the environment. Further, political irritants in international trade — for example, the friction between the US and Iran and between the US and China — apart from poor digitisation of trade matters in all concerned economies are upsetting the organised flow of imports and exports. It is political cohesion rather than political