U.S. trade chief Tai says WTO needs infusion of energy, vision By Reuters

© Reuters. FILE PHOTO: U.S. Commerce Consultant Katherine Tai addresses the Geneva Graduate Institute on the position of the World Commerce Group (WTO) within the international economic system and U.S. coverage priorities forward of the twelfth Ministerial Convention in Geneva, Switzerland

WASHINGTON (Reuters) – U.S. Commerce Consultant Katherine Tai stated on Wednesday the World Commerce Group can not return to its prior establishment and wishes “an infusion of vitality, dynamism and imaginative and prescient,” to revamp its guidelines for a quickly altering international economic system.

Tai informed reporters in Washington a return to the prior establishment of the WTO’s dispute settlement system wouldn’t work for america, because the system wants to assist resolve commerce disputes relatively than stringing them out for many years, she stated.

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