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Canada Pushes Alliance to Buffer WTO Against U.S. Protectionism

  • Trade ministers set to discuss ideas next month in Ottawa
  • Trump has threatened WTO withdrawal unless it shapes up
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Bloomberg’s Joe Sobczyk explains why Canada is poised to release a blueprint to reform the WTO. (Source: Bloomberg)
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The Canadian government is poised to release a blueprint to reform the World Trade Organization as countries adjust to a newly protectionist America that has threatened to leave the organization entirely.

Canadian trade officials, who spent August working on a draft of the proposal called “Strengthening and Modernizing the WTO,” are seeking to forge an alliance of like-minded countries to “restore confidence in the multilateral trading system and discourage protectionist measures and countermeasures,” according to a copy of the draft obtained by Bloomberg.