US has raised concerns, wants reform in trade body's functioning: WTO chief

The meeting is first time WTO members have gathered since President Donald Trump's announcement last week of a 25% tariff on US imports of steel and 10% on aluminium

Roberto Azevedo Director General World Trade Organization
Roberto Azevedo Director General World Trade Organization (WTO) interacting with media persons during the CII Press Conference in New Delhi. (Photo: Dalip Kumar)
Reuters New Delhi
Last Updated : Mar 19 2018 | 4:46 PM IST

The United States has raised concerns about the functioning of the World Trade Organisation and asked for reforms, WTO Director General Roberto Azevedo said on Monday.

Azevedo, speaking to reporters on the sidelines of an informal meeting of 50 WTO members in New Delhi, said the global trade environment was quite risky and the trade body had sought an "open and honest" conversation with its members.

"This is a moment we are facing many challenges inside and outside WTO," he said.

The meeting is the first time WTO members have gathered since President Donald Trump's announcement last week of a 25 percent tariff on US imports of steel and 10 percent on aluminium.

The United States is not represented at the New Delhi meeting.

Azevedo said Washington maintained that global trade had changed since the WTO, which deals with the global rules of trade between nations, was set up in 1995.

"The US wants some upgrade and reforms (in the WTO) and the conversations with the US are going on," he said.

A senior Indian government official said all trade-related issues, including the US decision to hike tariffs on steel and aluminium, would be discussed at the informal two-day WTO meeting. The official gave no other details.

Even though the United States has declined to declare the tariffs at the WTO, they can still come under its jurisdiction if countries affected raise complaints.

 

 

(Only the headline and picture of this report may have been reworked by the Business Standard staff; the rest of the content is auto-generated from a syndicated feed.)

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First Published: Mar 19 2018 | 4:38 PM IST

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