US EditionWTO Calls for Urgent Reforms Amid Global Trade Challenges
14 Articles
14 Articles
La Nación, Grupo Nación
Geneva. The World Trade Organization (WTO) urgently needs reform, warned Wednesday its Director General, Ngozi Okonjo Iweala, who believes that “the status quo is not an option.” “We are meeting today at a decisive turning point, not only for the WTO, but for the multilateral system,” he said at a press conference at the organization’s headquarters in Geneva. “We must change to be in tune with our time. The world evolves so fast... if we observe…
WTO Calls for Urgent Reforms Amid Global Trade Challenges
WTO Calls for Urgent Reforms Amid Global Trade Challenges In a critical call for change, the head of the World Trade Organization, Ngozi Okonjo-Iweala, emphasized the urgency for member nations to consider substantial reforms and engage in discussions surrounding the core Most Favoured Nation (MFN) concept as global uncertainties challenge the WTO's efficacy.Okonjo-Iweala, speaking from Geneva, underlined that maintaining the status quo is not s…
The Director-General of the World Trade Organisation warns against a "chaos" if the multilateral trading system collapses. However, the status quo is also not an option, said Ngozi Okonji-Iweala in Geneva on Wednesday.
The Director-General of the World Trade Organization (WTO) has warned of "chaos" if the multilateral trading system were to collapse. But maintaining the status quo within the institution "is not an option," Ngozi Okonji-Iweala admitted Wednesday in Geneva.
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