G20 sealed landmark deal on WTO reform by ducking ‘taboo words’ 0 SHARES Share it! But they left with a communique committing for the first time to reform the dysfunctional World Trade Organization (WTO), the body supposed to regulate global trade disputes. “A number of words that we used to have always in G7 and G20 summit communiques became kind of taboos,” a European official said on Saturday in the midst of the negotiations. Beijing rejects criticisms from the United States, Europe and Japan for dumping, industrial subsidies, abuse of intellectual property rights and technology transfers, amongst other practices. “For the first time China and the United States agreed to engage on the WTO,” said one delegate closely involved in drafting the communique.

Source: Manila Bulletin December 02, 2018 22:52 UTC