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As Reuters notes, Amazon’s sales in Europe are “technically between customers and a Luxembourg company.”

As downward economic pressure becomes more intensive and the domestic market continues to expand, the deep-rooted challenges facing the industry need to be addressed.

As estimated by the SAR government, about 100,000 people will travel on the XRL Hong Kong section every day when launched, Ma said, "I'm sure that it will be very popular and the number may go beyond that."

As a result, he said, “Really all of the change year-over-year is in the investments area, which we’ve been pretty transparent on.”

As WTO members discuss all this, they will also have to deal with the threat to the dispute settlement system of the WTO. The 164 economies which make up the WTO’s membership account for 98 percent of global trade — and all of this is underpinned by the WTO's dispute settlement system. This is the mechanism through which members hold each other to account for perceived infractions and which prevents trade disputes from escalating into much more serious confrontations. As such, it is one of the fundamental pillars of global economic governance — and it is highly effective. Many disputes are resolved before they reach the litigation stage, but when they do proceed to that stage compliance with rulings is very high, about 90 percent.