The European Union plans to reform the WTO – media

Евросоюз планирует реформировать ВТО – СМИ

Reforming the WTO has become topical because of the decisions of the United States and China, which operate in a bypass of the organization.


The authorities of the European Union to develop a plan of reforming the world trade organization (WTO). About it reports Bloomberg with reference to sources.

It is noted that the document, which will publish soon, will give flexibility in trade negotiations and transparency of the dispute settlement system.

In September in Brussels will hold talks with representatives of EU trade Ministers of the US and Japan. They will discuss the situation around the trade confrontation between the US and China.

According to the Agency, these talks will be followed by a series of high-level meetings throughout the year. Bloomberg notes that reforming the WTO has become topical because of the decisions of the United States and China, which operate in a bypass of the organization.

We will remind, the trade relations between the US and China deteriorated after Washington imposed import duties on steel and aluminum. China has filed a lawsuit in the WTO in connection with the introduction of new US customs duties of 25% on imports of Chinese goods.

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