World Trade Organization members have begun reviewing reform proposals designed to address U.S. concerns in what a key negotiator called the "last chance" to restore the trade watchdog's ability to settle trade disputes. The draft proposals seen by Reuters represent what WTO delegates say is the most serious attempt so far to fix the broken dispute settlement system. It envisages such reforms as time limits on resolving disputes and a new way to allow countries to give feedback on rulings they disagree with.
World Trade Organization members have begun reviewing reform proposals designed to address U.S. concerns in what a key negotiator called the last chance to restore the trade watchdog s ability to.
Exclusive: Reform proposals emerge to fix WTO by early 2024 - document reuters.com - get the latest breaking news, showbiz & celebrity photos, sport news & rumours, viral videos and top stories from reuters.com Daily Mail and Mail on Sunday newspapers.
World Trade Organization Director-General Ngozi Okonjo-Iweala urged diversification in global supply chains, amid ongoing efforts to progress the body’s reform. “There is an overconcentration of manufacturing in certain sectors in certain countries,” she told CNBC’s Martin Soong on the sidelines of the latest weekend summit of G-7 (Group of Seven) major economic powers in Hiroshima, […]