United States Trade Representative Katherine Tai published a report urging the World Trade Organization (WTO) to make the necessary reforms to increase productivity. It has been reported DEA News.
“The WTO must become more effective in responding to people’s needs, and the reforms needed to support the needs of our society are critical,” the report says.
He states that the United States believes the organization will not be able to respond in a timely manner to the “rapidly changing global economy” and that the current rules of the international organization have failed to counter unfair trade and economic practices.
Previously in WTO declarationHe said that despite the impact of the special operation in Ukraine, global trade remains strong.
According to the WTO, growth in world trade at the end of last year exceeded the organization’s estimates of 3%. Also, trade has improved better than any pessimistic scenario.