The WTO is in urgent need of reform. Its negotiating function is paralysed. Its dispute settlement system is frozen. There is an absence of common purpose. But we can fix @wto with pragmatism & political will - see 4 atbildes

Valdis Dombrovskis
(2021-09-16 19:20:08)
@twitter
The WTO is in urgent need of reform. Its negotiating function is paralysed. Its dispute settlement system is frozen. There is an absence of common purpose. But we can fix @wto with pragmatism & political will - see
Valdis Dombrovskis
(2021-09-16 19:20:09)
@twitter
1. The WTO needs to be at heart of international trade negotiations. That means making progress on fisheries, agricultural subsidies and rules for digital trade, among other key issues.
Valdis Dombrovskis
(2021-09-16 19:20:10)
@twitter
2. We need trade policy to meet new global challenges, such as climate and health. For instance, on vaccines we have ramped up global production already. WTO can really help facilitate trade and avoid any restrictions or barriers to trade.
Valdis Dombrovskis
(2021-09-16 19:20:10)
@twitter
3. We need to work together to fix the dispute settlement system. We know the concerns. We’re open to consider major reforms - provided that they make the dispute settlement system more effective and legitimate.
Valdis Dombrovskis
(2021-09-16 19:20:14)
@twitter
We need to work with all WTO members ahead of #MC12 & address tough questions. This will be the only way for us to set the WTO on track and help it stay relevant in the 21st century.  Thank you @IHEID @BaldwinRE My speech: https://t.co/M1LdnHH7WX https://t.co/BEqiRTtCWg

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