A major trade dispute between the US and the European Union threatens the future of the World Trade Organisation, according to Colin Teese, former Deputy Secretary of the Department of Trade and Australia’s negotiator at GATT.In the past year I have watched with increasing fascination the machinations of the WTO (World Trade Organisation). More interesting still, is the indifference of the leading economies to the agency’s present plight. It is they, after all, who have most to lose from a m…