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Canada Unveils Plan to Bolster WTO in Face of U.S. Protectionism

  • Plan is to fix WTO faults, modernize its 23-year-old rule book
  • Trade ministers will discuss the proposal in Ottawa next month
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Canada to Propose WTO Reform Amid U.S. Protectionism
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The Canadian government released a new blueprint Tuesday to reinforce the World Trade Organization and buffer it from President Donald Trump’s ‘America First’ attacks on the Geneva-based trade body.

The proposal, called “Strengthening and Modernizing the WTO,” seeks 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 eight-page document obtained by Bloomberg.