US EditionEU Leaders on WTO: We Need to ‘Come up with Something Else’ | News Channel 3-12
16 Articles
16 Articles
EU's Pacific alliance would not replace WTO, EU officials say
The European Union's plan to cooperate with Pacific Rim countries would aim to overcome some of the difficulties of the World Trade Organization, but would not seek to replace it, EU officials said on Friday. The WTO is struggling for relevance as geopolitical tensions rise and the United States imposes…
Commission President Ursual von der Leyen introduced a "redesign" of the organisation. The WTO has been suffering from increasing protectionism for years.
In the European Union, a replacement for the now largely incapacitated World Trade Organisation (WTO) is being considered. Commission President Ursula von der Leyen called for a "redesign of the organisation" at the EU summit in Brussels. German Chancellor Friedrich Merz (CDU) even spoke of a "new type of trade organisation" that could gradually replace what we no longer have with the WTO. The CDU chairman thus means mechanisms for the settlemen…
The WTO should regulate global trade and remove barriers – but the organisation has been incapacitated for years. A new idea is now being discussed in the EU.
EU Commission President Ursula von der Leyen introduces a "redesign" of the organisation, which was founded in 1995 to remove global trade barriers.
The WTO is to regulate global trade and remove barriers, but the dispute settlement is no longer working. Now there is a new idea.
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