Tuesday, August 9, 2022

White House reaffirms its commitment to reform WTO


Zubair Yaqoob
The author has diversified experience in investigative journalism. He is Chief content editor at wnobserver.com

The White House on Saturday reaffirmed the United States’ commitment to “reforms” in the World Trade Organization (WTO) to ensure the organization’s functioning as agreed by its members, noting that US President Donald Trump will work side by side with allies in the Group of Seven countries. Major industrial countries to build a promising future and opportunities for the Group countries.

In a statement released ahead of Trump’s participation in the Group of Seven summit in Paris, the White House quoted the US president as saying: “Each of our countries deals exclusively with our peoples and our sovereign obligations, but we can coordinate together and achieve a common interest”, according to the White House website.

Trump will meet with leaders of the Group of Seven countries to promote cooperation and relations with many of the world’s largest economies, the statement said, adding that Trump will work with his partners at this year’s summit to chart a path of development and prosperity around the world and confront “unfair trade practices to reach free and fair trade”, and promoting economic empowerment of women around the world, leading security efforts and sustainable development, as well as supporting economic development, energy security and environmental protection.

The White House statement stressed the commitment of the United States to “achieve reforms in the World Trade Organization to ensure (the performance of) the functions of the organization as agreed by its members essentially”, and stressed the need for rich countries to receive preferential treatment from the WTO, claiming that they are developing countries in order to get advantages ” unfair”.

Trump has repeatedly expressed frustration with the World Trade Organization. He called – in closed circles – to cancel the work of the organization, as he considered to withdraw from it, according to media reports earlier.

But last month, he issued a memorandum instructing US Trade Representative Robert Lighthizer to seek to pressure the WTO to change its lenient way of dealing with a number of rival states, which the WTO treats as developing countries, especially China.

Read also: World Trade Court to ban iPhone 7, 7 Plus .. Find out why

- Advertisement -
Notify of
Inline Feedbacks
View all comments
- Advertisement -
- Advertisement -

Latest News

Would love your thoughts, please comment.x