Candidates to lead the World Trade Organization urged members to reach a decision quickly on Wednesday and address what one described as a “deep crisis” as it began the vetting process. “This needs to be done as quick as possible,” said Jesus Seade, a senior trade official in Mexico, describing the trade watchdog as being in “deep crisis”. Under U.S. President Donald Trump, Washington has urged reform of the WTO and blocked appointments to its top court. She also urged Trump or his successor not to leave the WTO and to work with the body on reform. He also urged Beijing and Washington to seek to resolve their trade disputes within the multilateral body.

Source: Standard Digital July 16, 2020 16:41 UTC