US President Donald Trump’s trade chief said on Monday that the World Trade Organization (WTO) is losing its focus on trade negotiations in favor of litigation, and was going too easy on wealthier developing countries such as China. With Trump’s “America First” trade agenda casting a cloud over the WTO’s 11th ministerial meeting in Buenos Aires, representatives of other major members criticized protectionism and advocated a stronger multilateral trading system, while acknowledging the WTO’s shortcomings. US Trade Representative Robert ...
US Trade rep says WTO losing focus, too soft on developing countries
Too many countries were not following WTO rules, he complained, and too many wealthier members had been given unfair exemptions as developing countries.
Reuters Last Updated at December 12, 2017 11:38 IST