Monday, 11 December 2017

WTO losing focus, must rethink development - U.S. trade chief

U.S. President Donald Trump’s trade chief said on Monday that the World Trade Organization is losing its focus on trade negotiations in favor of litigation and needed to rethink how it defines developing economies.


Setting a combative tone at the start of the WTO’s 11th ministerial meeting in Buenos Aires, U.S. Trade Representative Robert Lighthizer complained that too many countries were not following WTO rules and too many wealthier members had been given unfair exemptions as developing countries.

Lighthizer said it was impossible to negotiate new WTO rules when many of the current ones were not being followed, and added that too many members viewed exemptions from WTO rules as a path to faster growth.

In a thinly veiled swipe at China’s trade practices, Lighthizer said the United States was leading negotiations to “correct the sad performance of many members in notification and transparency.”
 

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