mo4ch:>Trump’s truculence on trade paying off? G20 backs WTO reform, sometime down the road | Mo4ch News

Despite criticism for the trade war with China, the US president appears to have backing of other world leaders seeking to overhaul the World Trade Organization, although WTO reform won’t necessarily go according to Trump’s plan.Hammered out by diplomats behind the scenes as the leaders went for photo opportunities, the relevant section starts off by saying that “international trade and investment are important engines of growth, productivity, innovation, job creation and development,” before voicing unprecedented criticism of the WTO.“The system is currently falling short of its objectives and there is room for improvement. We therefore support the necessary reform of the WTO to improve its functioning,” reads the text.Read more According to what a senior official with the US delegation told Reuters, the statement was the “biggest thing” of the entire 31-point communiqué.
Formed in 1995, the WTO was supposed to usher in a new era of global trade by creating a level playing field for a…