Printer Friendly

WTO Chief Unperturbed by US President's Withdrawal Threat.

Summary: TEHRAN (FNA)- WTO director general Roberto Azevedo downplayed US President Donald Trump's threat to withdraw Washington from the organization, saying that it was consistent with his earlier statements to this effect and gave no reason for new concerns.

"The US concerns about areas in the WTO that they would like to improve are not new. And I think what he said yesterday is consistent with what they have expressed before," Azevedo said, adding that there was no reason for "panic", Sputnik reported.

"Everyone that would like to see improvements in the WTO is very welcome to present their ideas and their suggestions to improve the organization, sit down with the other members and get the job done," Azevedo stressed.

Many WTO members agree that the organization needs to be reformed to become more efficient and effective.

Trump said on Thursday that he could pull out of the WTO, potentially undermining one of the foundations of the modern global economy, which the United States was instrumental in creating.

"If they don't shape up, I would withdraw from the WTO," Trump warned.

The US president has previously called the WTO a "disaster" and a "catastrophe", saying it treats the United States unfairly and gives China undue advantage.

To force the issue, he has brought the WTO's system for settling international trade disputes to the brink of collapse by blocking the appointment of WTO appeals judges in a bid to force other member-countries to discuss measures to reform the 23-year-old trading club.

During his 2016 election campaign, Trump warned that if the WTO rules blocked his policies, he would renegotiate US membership or pull out from the organization altogether.

The WTO is run on a consensual basis where each of its 164 members has an effective veto and it is almost impossible to get agreement on any change to the rules.

[c]2018 Fars News Agency. All rights reserved Provided by SyndiGate Media Inc. ( ).

COPYRIGHT 2018 SyndiGate Media Inc.
No portion of this article can be reproduced without the express written permission from the copyright holder.
Copyright 2018 Gale, Cengage Learning. All rights reserved.

Article Details
Printer friendly Cite/link Email Feedback
Publication:FARS News Agency
Date:Sep 1, 2018
Previous Article:IRGC Disbands Terrorist Team in Southeastern Iran.
Next Article:US Military Blocks Proposed Railway Linking North, South Korea.

Terms of use | Privacy policy | Copyright © 2021 Farlex, Inc. | Feedback | For webmasters