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Lighthizer says WTO losing focus, must rethink development

Lighthizer says WTO losing focus, must rethink development© Reuters. FILE PHOTO: U.S. Trade Representative Robert Lighthizer addresses the media to close the second round of NAFTA talks involving the United States, Mexico and Canada at Secretary of Economy headquarters in Mexico City

BUENOS AIRES (Reuters) – U.S. President Donald Trump’s trade chief said on Monday that the World Trade Organization is losing its focus on trade negotiations in favor of litigation and needed to rethink how it defines developing economies.

“We need to clarify our understanding of development within the WTO. We cannot sustain a situation in which new rules can only apply to a few and that others will be given a pass in the name of self-proclaimed development status,” U.S. Trade Representative Robert Lighthizer told the opening session of the WTO’s ministerial meeting in Buenos Aires.

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Source: Investing.com

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