US EditionReform Failure Could Drive Members To Alternative Trade Deals
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The failure to find a viable way to reform the World Trade Organization (WTO) at a meeting next week will lead members to look for other options to establish rules and promote free trade, said diplomats and authorities to Reuters. The meeting of WTO Trade Ministers in Yaoundé, capital of Cameroon, takes place at a critical point for the successor body of the General Trade Agreement on Trade (GATT), released after World War II to govern world tra…
Reform Failure Could Drive Members To Alternative Trade Deals
The World Trade Organization has warned that failure by member states to agree on a credible reform pathway at next week’s ministerial gathering in Yaounde, Cameroon, could accelerate moves by countries to pursue alternative trade arrangements outside the multilateral system, underscoring growing pressure on the global trade body as geopolitical tensions and tariff disputes test its relevance. WTO Director-General Ngozi Okonjo-Iweala said the or…
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