World Trade Organization Director-General Ngozi Okonjo-Iweala says he agrees with the United States’ call for reform of the global trading system ahead of a key World Trade Organization meeting in Cameroon next month.
Last year, President Donald Trump signed an executive order imposing tariffs of 10 to 41 percent on Washington’s imports from dozens of countries.
The U.S. Supreme Court is expected to rule on the legality of these fees.
“We may not like these measures (US tariffs), but we must recognize the need to reform many things related to the global trading system,” Foreign Minister Iweala told the Munich Security Conference today (Saturday).
“The system is strong but not strong, so we need to make the necessary reforms and strengthen it, and this is what we are working on at the World Trade Organization,” he said, without going into further detail.
World Trade Organization Director-General Ngozi Okonjo-Iweala says he agrees with the United States’ call for reform of the global trading system ahead of a key World Trade Organization meeting in Cameroon next month.
Last year, U.S. President Donald Trump signed an executive order imposing tariffs ranging from 10% to 41% on Washington’s imports from dozens of countries.
The US Supreme Court is expected to rule on the legality of these tariffs.
“While we may not like these measures (US tariffs), we must recognize the need to reform many aspects of the global trading system,” Foreign Minister Okonjo-Iweala said at the Munich Security Conference today (Saturday).
“The system is resilient, but it’s not strong, so we need to strengthen it through the necessary reforms, and that’s what we’re working on at the World Trade Organization,” he said, without providing further details.
