G-20 Discussed ‘Urgent Need’ to Improve WTO
- WTO under fire as U.S. president threatens to pull out of it
- Representatives of G-20 nations to meet in Nov. on WTO reform
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Trade ministers for the world’s 20 largest economies said Friday that they found an "urgent need" to reform the World Trade Organization.
Member nations recognize the need to "step up dialogue" to mitigate risks, enhance confidence in global trade, and improve the WTO, they said in a statement released following meetings in Mar del Plata, Argentina. The meetings included European Union Commissioner for Trade Cecilia Malmstrom and deputy trade representatives from China and the U.S.