Time is running out to stop the World Trade Organization from fading into irrelevance, the EU’s trade commissioner has warned ahead of crunch talks to agree reforms to the embattled body.
Maroš Šefčovič has joined calls to modernise the WTO, which has been rocked by Donald Trump’s tariff war and growing global tensions over China’s $1tn trade surplus.
“You have declining political support for the WTO and we want to reverse it,” Šefčovič told the FT ahead of the organisation’s 14th Ministerial Conference in Yaoundé, Cameroon starting on Thursday. “We want to make sure that WTO becomes relevant again.”
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