U.S. President Donald Trump’s trade chief said on Monday that the World Trade Organization (WTO) is losing its focus on trade negotiations in favor of litigation, and was going too easy on wealthier developing countries such as China. With Trump’s “America First” trade agenda casting a cloud over the WTO’s 11th ministerial meeting in Buenos Aires, representatives of other major members criticized protectionism and advocated a stronger multilateral trading system, while acknowledging the WTO’s shortcomings. U.S. Trade Representative Robert Lighthizer, who has said he does not want major agreements out of the meeting, voiced concern that the WTO was becoming a litigation-centered organization. “Too often members seem to believe they can gain concessions through lawsuits that they could never get at the negotiating table,” he said. “We have to ask ourselves whether this is good for the institution and whether the current litigation structure makes sense.” Too many countries were not following WTO rules, he complained, and too many wealthier members had been given unfair exemptions as developing countries. “We need to clarify our understanding of development within the WTO. We cannot sustain a situation in which new rules can only apply to a few and that others will be given a pass in the name of self-proclaimed development status,” Lighthizer told the conference’s opening session. He said five of the six richest countries claim developing country status at the WTO, without providing evidence to back up the assertion. A Lighthizer spokeswoman later said he was referring to the six...
WTO losing trade focus, too easy on some developing nations: U.S.
Posted on: December 13, 2017
Posted on: December 13, 2017