Xue Rongjiu, deputy director of Beijing-based China Society for WTO Studies, said WTO reform and free trade deals are meaningful amid a partial and uneven global economic recovery.
BEIJING: China’s latest move to highlight multilateralism will pave the way for the reform of the World Trade Organisation (WTO), restoring the functioning of its dispute settlement mechanism, experts and business leaders said.
They commented after Commerce Minister Wang Wentao called for faster moves to appoint a new director-general of the WTO, based on the recommendation of the selection committee, resume normal functioning of the appellate body and fix the time and venue for the 12th WTO Ministerial Conference. That would magnify the role of the WTO and boost the world’s confidence in multilateralism, he said.
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