Sunday, 22 Nov 2020 05:39 AM MYT
WTO Deputy Director General Alan Wolff told G20 leaders it was critical to utilise trade to help underwrite the economy, facilitate trade in essential medical supplies, and reform the institutional framework for world trade. The lack of access to trade financing hits least developed countries hardest that already suffer from the high cost of financial transactions.
The Geneva-based world trade body is in turmoil as the administration of outgoing US President Donald Trump has blocked both selection of a new director general and the functioning of a dispute settlement body.
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