ZCZC
BCN-19
US-ECONOMY-REFORM-WTO
US committed to reforming WTO – White House
WASHINGTON, August 25, 2019 (BSS/TASS) – The US is committed to achieve
reforms to the World Trade Organization (WTO), the fact sheet published by
the White House in the run-up to US President Donald Trump’s participation in
the G7 summit in Biarritz informs.
“The President is committed to working with our G7 partners to tackle the
rise of unfair trade practices,” the document states. “It is vital that we
work together to combat unfair practices like industrial subsidies, state-
directed economic activity, forced technology transfer, and more.”
“The United States is committed to achieving reforms to the World Trade
Organization (WTO) that ensure the organization functions as originally
agreed by its members,” the White House informed. “Wealthy countries should
not be able to take advantage of WTO rules by claiming to be “developing” in
order to gain an unfair advantage.”
Earlier, Trump stated that the US might exit the WTO if needed. The US
leader claimed that for many years, several states, including China, have
used the WTO in their interest and against the interest of the USA.
BSS/TASS/HR/1500