Hogan: WTO reform requires updating ‘ineffective rules’

World Trade Organization members must update “ineffective rules” and draft new provisions that rebalance the rights and obligations of members, European Trade Commissioner Phil Hogan said on Wednesday. “One thing is clear, however: We will need more than cosmetic changes to the WTO. Tweaking at the margins will not be sufficient,” Hogan told the European Parliament Committee on International Trade. “And we have to find a new balance of rights and obligations that unlocks the organization and part of this...