Posted Date: 15/11/2018
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Japan the United States and Europe the WTO reform and punishment program.

Japan, the United States and Europe, the WTO reform and punishment program.

Original title: Japan, the United States and Europe, the WTO reform and punishment program, Japanese media: the prospect of the proposal is unknown

World Trade Organization headquarters

The reference news network reported on November 15 that the Japanese media said that Japan, the European Union, the United States and other countries submitted a reform plan to the World Trade Organization (WTO) on November 12. The main content is that if member states continue to take preferential measures for their industries without notifying the WTO, they will be punished.

November 13, Japan, the United States and Europe and other countries submitted a reform plan at the Council of Goods Trade held on the 12th. In addition to Japan, the United States and Europe, Argentina also joined the proposal camp. According to trade sources, the Japanese government representatives combined the proposal and called for compliance with WTO rules in order to maintain the multilateral trading system. According to reports, the reform plan takes into account China, and there is a view that China’s opposition will lead to a stalemate in coordination.

According to the report, the WTO stipulates that member states are obliged to notify the WTO at the time of introducing subsidies and systems that may affect trade.

According to reports, the reform plan proposes that if the unreported country does not correct within two years, the country cannot serve as the chairman of the WTO Council. If it is not corrected after one year, it will be recognized as a “stopping country” and limit the country’s speaking opportunities.

The report believes that Japan, the United States and Europe strive to pass the reform plan in the general council of 164 member states and regions, but many views believe that the prospects of the proposal are uncertain. With regard to WTO reform, the development of new e-commerce transaction rules and the improvement of dispute resolution functions have also become concerns.

Japan the United States and Europe the WTO reform and punishment program Japanese media the prospect of the proposal is unknown


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