WTO Chief Backs Some US Criticisms of Trading System
WTO Director-General Ngozi Okonjo-Iweala acknowledged the validity of some US criticisms of the multilateral trading system. Speaking at the Fortune Global Forum, she cited issues like the consensus decision-making process and transparency in reporting as areas requiring reassessment.
- Country:
- Germany
WTO Director-General Ngozi Okonjo-Iweala addressed the pressing critiques from the United States concerning the multilateral trading system on Monday. Speaking at the Fortune Global Forum in Riyadh, she supported the notion that many US criticisms had merit.
Okonjo-Iweala highlighted the system's reliance on consensus decision-making and opaque reporting practices as particular areas in need of scrutiny and reform.
Her comments reflect a growing recognition within the WTO of the need to reassess and improve its operational frameworks to address these longstanding issues.
(With inputs from agencies.)
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