WORLD WTO handling largest number of trade disputes in 16 years: director-general

WORLD

WTO handling largest number of trade disputes in 16 years: director-general

Xinhua

13:04, November 14, 2018

RIO DE JANEIRO, Nov. 13 (Xinhua) -- The World Trade Organization (WTO) has been processing the largest number of trade disputes in 16 years, its director-general, Roberto Azevedo, told an agribusiness summit in Sao Paulo on Tuesday.

VCG111159915610.jpg

The headquarters of the World Trade Organization (WTO) are pictured in Geneva, Switzerland, April 12, 2017. (File Photo: VCG)

The WTO is currently handling a total of 35 disputes sparked by a rise in protectionism and global tensions in trade, the Brazilian-born Azevedo said via videoconference call, as he called on business leaders to counter the trend.

"The rise in such measures and counter measures is a possibility. We have to take action to reduce these tensions," said Azevedo.

Brazil's incoming administration, which is set to take office on Jan. 1, should work to boost Brazil's presence in global trade and strengthen agencies such as the WTO, he said.

"The change in government in Brazil offers an opportunity to reflect a little on international trade and the country's insertion into the world," said Azevedo.

"The WTO is ready to deepen dialogue with the Brazilian government and contribute to the country's progress, especially in the area of economy and trade," said Azevedo.

Related Stories

Terms of Service & Privacy Policy

We have updated our privacy policy to comply with the latest laws and regulations. The updated policy explains the mechanism of how we collect and treat your personal data. You can learn more about the rights you have by reading our terms of service. Please read them carefully. By clicking AGREE, you indicate that you have read and agreed to our privacy policies

Agree and continue