G7 leaders outline WTO reform goals, targeting subsidies and S&DT

President Biden and other G7 leaders on Sunday laid out a vision for a modernized World Trade Organization that will require reforms addressing harmful industrial subsidies and special and differential treatment, a reinvigoration of the negotiating arm and solutions to longstanding dispute settlement problems. Ahead of the WTO’s next ministerial, set to begin in Geneva in late November, the leaders pledged to “provide the sustained effort and momentum necessary to ensure progress is made in modernization of the WTO to...