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G20 foreign ministers commit to WTO reforms
TIWN
G20 foreign ministers commit to WTO reforms
PHOTO : TIWN

Nagoya (Japan), Nov 23 (TIWN) G20 foreign ministers have pledged to push for reforms in the World Trade Organization (WTO) during a meeting Saturday in the Japanese city of Nagoya.

During a press briefing, Japan Foreign Minister Toshimitsu Motegi said that the ongoing negotiations on a sprawling Asia-Pacific free trade agreement should be concluded by all the original 16 member states even after India opted out.  “As trust in the multilateral framework is now being undermined, the G20 has shared the view that the WTO should be reformed so that it can address several current issues,” Motegi said after the end of the two-day meeting in Japan’s central city.     Motegi acknowledged that while global confidence in the multilateral context was being undermined, the G20 shared the view that the WTO needed to be reformed to be able to address current problems.  At the gathering, the foreign ministers discussed reforms to the WTO, as Japan, the United States and other countries are pushing for the Geneva-based organization to improve its dispute settlement system — a point touched on in a declaration issued by G20 leaders after their summit in Osaka in June.  However, US Secretary of State Mike Pompeo did not participate in the G-20 meeting, reflecting Washington’s lack of interest in multilateral economic and financial policy dialogue.  In late June, the G20 leaders agreed to promote free trade and committed to using “all policy tools” to support the global economy, which faces downside risks.  The G20 consists of Argentina, Australia, Brazil, Britain, Canada, China, France, Germany, India, Indonesia, Italy, Japan, Mexico, Russia, Saudi Arabia, South Africa, South Korea, Turkey, the United States and the European Union.  The G20 foreign ministers meeting in Nagoya was the last of a series of ministerial gatherings hosted by Japan this year, with the group’s rotating presidency next passing to Saudi Arabia. The latest meeting was wrapped up with no release of a joint statement.     TAGS : G20 foreign ministersG20 leadersJapan Foreign Minister RELATED ARTICLES  Mike Pompeo meets UAE Foreign Minister on Iran, regional issues Ashraf Ghani, Mike Pompeo discuss Haqqani militants' release Iran uses terrorist groups to target great ally 'Israel': Mike Pompeo The Cost of Apartments for Sale in Dubai Might Totally Surprise You Apartments for Sale | Search Ads | Sponsored The 10 Richest Families Of The World. Especially No. 6 Is A Complete Surprise. MoneyMorningPaper | Sponsored สามีของเธอหายไป 6 สัปดาห์หลังแต่งงาน 68 ปีต่อมา เธอได้พบความจริง Aromdidi | Sponsored เทรดฟอเร็กซ์ไปกับโบรกฯที่มีความน่าเชื่อถือระดับโลก IC Markets | Sponsored American Lottery Known for ₹10,000 Crores Jackpot Coming to India theLotter.com | Sponsored Discover The New High-Quality $99 SmartWatch On Sale In Thailand Now eWatch | Sponsored 75% Of Adults In Thailand Have Grey Hair Problem Gray Off | Sponsored ของใช้ 15 อย่างที่คุณอาจใช้ไม่ถูกต้อง AspireAbove.com | Sponsored Thailand : New Powerful Smartwatch Finally Available On A Budget X Watch | Sponsored   23 Awesome Inventions That Will Likely Sell Out Before Black Friday Tech Discount Zone | Sponsored 15 Warning Signs of Diabetes Healthy, Sporty & Beautiful | Sponsored ค้นพบทางสว่าง “ความดันสูงปวดหัวจี๊ด หายได้ง่ายๆ” ด้วยเทคนิคอะไรเดี๋ยวผมจะเล่าให้ฟัง… TAAP | Sponsored Tabraiz Shamsi explains ‘shoe celebration’ after dismissing Shikhar Dhawan in 3rd T20I The Statesman Here’s why Shah Rukh Khan’s Salute gets delayed by a month The Statesman

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