WTO chief says U.S. wants reform in trade body, has raised concerns

Send a link to a friend  Share

[March 19, 2018]  NEW DELHI (Reuters) - The United States has raised concerns about the functioning of the World Trade Organisation and asked for reforms, WTO Director General Roberto Azevedo said on Monday.

Roberto Azevedo, Director-General of the World Trade Organization (WTO), addresses the media during a conference in New Delhi, India March 19, 2018. REUTERS/Adnan Abidi

Azevedo, speaking to reporters on the sidelines of an informal meeting of about 50 WTO members in New Delhi, said the global trade environment was quite risky and the trade body had sought an "open and honest" conversation with its members.

"This is a moment we are facing many challenges inside and outside WTO," he said.

The meeting is the first time WTO members have gathered since President Donald Trump's announcement last week of a 25 percent tariff on U.S. imports of steel and 10 percent on aluminum.

Dennis Shea, Deputy United States Trade Representative, is attending the New Delhi meeting.

Azevedo said Washington maintained that global trade had changed since the WTO, which deals with the global rules of trade between nations, was set up in 1995.

"The U.S. wants some upgrade and reforms (in the WTO) and the conversations with the U.S. are going on," he said.

A senior Indian government official said all trade related issues, including the U.S. decision to hike tariffs on steel and aluminum, would be discussed at the informal two-day WTO meeting. The official gave no other details.

Even though the United States has declined to declare the tariffs at the WTO, they can still come under its jurisdiction if countries affected raise complaints.

(This version of the story corrects paragraph 5 to clarify deputy USTR is attending the meeting)

(Reporting by Manoj Kumar; Writing by Raju Gopalakrishnan; Editing by Malini Menon)

[© 2018 Thomson Reuters. All rights reserved.]

Copyright 2018 Reuters. All rights reserved. This material may not be published, broadcast, rewritten or redistributed.  Thompson Reuters is solely responsible for this content.

 

Back to top