WTO
Deputy Director General Wolff: “The WTO must not continue as it is”
Published 09 March 2021 | 1 minute read
In remarks before Chatham House on 10 December 2020, WTO Deputy Director General Alan Wm. Wolff argued that the WTO cannot continue as it is and provided a way forward for the global trade system.
In remarks before Chatham House on 10 December 2020, World Trade Organization (WTO) Deputy Director General Alan Wm. Wolff argued that the institution cannot continue as it is; in order to remain relevant, it must demonstrate its ability to contribute meaningfully to sustainable development and sustainable economic growth. He highlights the ways in which negotiations through the WTO, or use of existing agreements can help the world meet the UN’s Sustainable Development Goals, while also emphasizing the need to reform the WTO to allow it to serve the purpose of advancing sustainable development and renewing its own relevance.
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The World Trade Organization (WTO) is the only global international organization dealing with the rules of trade between nations. At its heart are the WTO agreements, negotiated and signed by the bulk of the world’s trading nations and ratified in their parliaments. The goal is to ensure that trade flows as smoothly, predictably and freely as possible.
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