The multilateral trading system is facing challenges calling into question the future of the WTO.
Negotiations within the WTO have progressed little for the past 20 years. The Dispute Settlement Body is in trouble and may no longer be operational from the end of 2019. The persistence and growing number of distortive trade practices undermine entire sectors of our economies. Meanwhile, global trade tensions have increased and could significantly affect the global economy.
Against that backdrop, French President Emmanuel Macron has called for an ambitious re-foundation of multilateralism and the modernization of the WTO. On behalf of the European Union, the European Commission presented its ideas on modernising the WTO, which can be found on the Commission’s website.
To help the global debate move forward on these crucial issues, the French Ministry for the Economy and Finance, together with the French Ministry of Foreign Affairs, and in close cooperation with the European Commission, is organizing a public seminar to debate the issue of trade multilateralism and the modernization of the WTO.
Keynote speeches from:
- Bruno Le Maire, French Minister for the Economy and Finance
- Cecilia Malmström, European Commissioner for Trade
- Roberto Azevêdo, Director General of the WTO
- Jean-Baptiste Lemoyne, French State Secretary for Europe and Foreign Affairs