GH 20 leaders agree to reform the World Trade Organization

The deal for reforming the World Trade Organization is seen as the success of the G20 summit in Buenos Aires. The heads of state and government of the G20 agreed in the last minute for a joint statement.

At the G20 countries' summit, which ended Saturday in Buenos Aires, heads of state and governments agreed to a declaration known as the summit's final declaration. The declaration was contested for important points, such as trade, climate change and migration. But compromises have been reached in all of the most important issues, DW reported on Saturday evening.

WTO Reform

As the biggest success of the two-day talks, the EU is considered the forced commitment of the heads of state and government of the world's most industrialized countries and those in the expansion to advance reforming the World Trade Organization, in order to enable common rules in world trade.

Large reductions had to be done on the topic of migration and trade. So G20 countries did not seem to fall into common agreement to declare they want to fight against protectionism. The reason for this was the U.S. refusal to remain such a formulation, but with the appendix, that the use of trade protection instruments is allowed to combat dishonest trade practices. That is exactly what China refused to accept, which sees itself being treated unjustly because of the punitive customs for Chinese imports imposed by President Trump.

 Promise of International Co-operation

While regarding the migration theme, the US insisted on giving up concrete statements and demanded that reference be introduced only for an O report. The ECD and the planned work in this direction under the Japanese presidency.

“We do not hide disappointment”, said by the EU. At the same time, Europeans and other partners managed once again to confirm their commitment to international co-operation. “We renew once again the promise to work together to improve the rule-based world order, which is able to effectively react to a world that quickly changes”.

Americans seem to insist solely on giving up the word “polytherateism”. Because of the course that President Trump attends, the joint statement is seen as a success. Trump himself recently claimed to be nationalist.