June 11, 2018

DDG Wolff: This is the time to renew the multilateral trading system

The multilateral trading system needs renewal periodically and this is the time for engaging in the necessary effort, said Deputy Director-General Alan Wolff in an address to the International Relations Committee of the European Central Bank in Frankfurt on 11 June. He concluded: “With good will and effort, the world trading system can be updated and improved. It is essential to do so in order to have an effective functioning WTO for the economic well-being of the world.” This is what he said:

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