Trump demanded to reform the WTO
The head of the United States Donald trump gave the order to the trading office to study the possibility of reforming global trade organization, to be circulated by the White house document.
The head of the United States Donald trump gave the order to the trading office to study the possibility of reforming global trade organization, to be circulated by the White house document.
complaints the us head relate to unfair, in his vision, rendering the secured status of developing countries.
"When the richest economy claim to developing country status, they harm not only the other developed countries, but also economies, which in truth would require special and differential treatment. Such neglect to comply with the rules of the WTO, including the possible neglect of any future rules, could not be without attention ", - said in the presidential Memorandum.
the document stresses That 7 out of ten of the wealthiest economies in the world now claim to developing country status. Among them Brunei, Hong Kong, Kuwait, Macau, Qatar, Singapore and the United Arab Emirates.
"China most clearly illustrates this. Since joining the WTO in 2001, China continued to insist That it is a developing country... the United States has never accepted the claim of China on developing country status and, in practice, every current economic indicator refutes the complaints of China, " from the Memorandum.
The United States will use all legal means to prevent the provision of benefits during the WTO States that have declared themselves developing countries such as China.
the head of the United States drew attention That "the world trade organization in dire need of reform," and without that " will not be able to meet the needs of workers and factories ".
"The necessity of reforming the international economic institutions is not only a problem for the United States but for all countries that participate in the global market. As regards the WTO, there is no hope for progress in solving this problem, as long as the most advanced country in the world will not be ready to take on their own shoulders all the obligations associated with WTO membership, " said trump.
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