Posted Date: 19/12/2018
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The WTO cannot be exposed to the storm because of Trump.

The WTO cannot be exposed to the storm because of Trump.

The '301 clause of the United States' is causing a stagnation of unilateralism that has been sleeping for decades." "We are concerned about the potential proliferation of trade restrictions that use national security as an excuse." "Tactical trade restrictions will not Any country benefits." At the 14th Trade Policy Review Conference of the World Trade Organization (WTO) on the United States on the 17th, the world's major economic powers targeted the world's only superpower, the United States, condemning the United States for its own interests. The organization is in crisis. The words of the EU's representative to the World Trade Organization, Van Heckrun, tell the voice of many countries in the world: "The multilateral trading system is in a deep crisis, and the United States is the source of the earthquake."

Reform proposal to save the WTO", German TV said on the 18th that countries have recently appealed to the WTO for trade disputes with the United States. The United States is very dissatisfied with this. They have been blocking the appointment of new judges of the WTO Appellate Body. The operation of the WTO is almost in a state of paralysis. The report said that the withdrawal of the United States from the organization may bring peace, but this cannot solve the problem because the other side of the problem is the United States. Dispute settlement is the core function of the WTO and has been ensuring the stability of world trade for decades. The EU and the recommendations of members such as China, India, Mexico and Canada now envisage that dispute resolution will be resolved more quickly in the future.

Japan’s Fuji TV said on the 18th that it is undeniable that countries are very dissatisfied with the trade protectionist policies implemented by the Trump administration. The most important task at hand is to find ways to stop the Trump administration’s “runaway” in trade. This is already the consensus of all countries. Free trade is the foundation of the world trade order. The WTO does need reforms, but it cannot reform according to the requirements of the United States. It must strengthen the WTO's punishment for protectionist trade policies. Reuters quoted Zhang Xiangchen, the representative of the Chinese delegation to the WTO, as saying: "If the roof of the WTO building where we are located is leaking, we should work together to repair it, and we should not demolish it, so that everyone is exposed to the wind and rain.

The WTO cannot be exposed to the storm because of Trump.


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