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European Commission presents comprehensive approach for the modernisation of the World Trade Organisation

modernisation of the World Trade Organisation The EU's approach to the World Trade Organisation (WTO) reform outlined in a document published on 18 September was presented to EU partners in Geneva on 20 September during a meeting on that subject convened by Canada.

date:  27/09/2018

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The EU's approach to the World Trade Organisation (WTO) reform outlined in a document published on 18 September was presented to EU partners in Geneva on 20 September during a meeting on that subject convened by Canada. The approach put forward by the Commission encompasses an initial set of ideas to modernise the WTO and to make international trade rules fit for the challenges of the global economy. The EU's concept paper presents ideas relating to three key areas: updating the rule book on international trade to account for today's global economy; strengthening the monitoring role of the WTO; and overcoming the imminent deadlock on the WTO dispute settlement system. The EU has already started to engage with other WTO partners such as the US, Japan and China. The European Council of 28-29 June gave the Commission a mandate to pursue WTO modernisation in order to adapt to a changing world and to strengthen the WTO’s effectiveness.