All quotes about World Trade Organization
World Trade Organization
“In trade, the devil is in the details. I think the WTO has the tools to handle a lot of the things that have been mentioned as concerns so far.” said Roberto Azevêdo speaking about World Trade Organization. It’s one of the 149 quotes about World Trade Organization you can find on this page. 83 people have said something about this topic. Among them: Pascal Lamy and Michael Froman. Browse the quotes by date and by name to find those that are relevant to you.
All quotes about World Trade Organization
There is nothing to be blase or relaxed about choosing for Britain to trade with our biggest economic partner under WTO rules. Every credible assessment done says this would be the worst trading arrangement possible for jobs, investment and growth.
Anyone that suggests that WTO would be a good thing is bonkers. This ideological baloney has to stop before we face an absolute disaster.
British officials have worked with a number of people in the Secretariat, including Director-General Roberto Azevêdo, who have explained a wide range of WTO rules including things like independent schedules in goods, services and agriculture and how[...]
The other option is we sue (Trump) at the WTO.
For such a thing to happen this would have been mishandled on either one side or both sides. I cannot see this as a sort of likely scenario.
We will actively consider whether China's action is in violation of the South Korea-China free trade deal, while stepping up efforts to minimize damage on South Korean industries.
It doesn't matter which trading partner you talk to – be it the Japanese or the U.S. or neighboring countries or European countries. They all feel the same, that there's a growing protectionism here. The service sector is basically off limits. Many [...]
The worst case, obviously, is a total breakdown in talks and the return of a hard border. WTO tariffs that would see those 600m litres attract an aggregate tariff of 45pc would make it instantly uncompetitive for southern dairies to use it.
Unlike earlier presidents, Trump is signaling a willingness to impose import restrictions -- especially against a country like China -- where the justification under WTO rules for doing so may be highly questionable. The downside of the United State[...]
We don't want any border tax to violate WTO rules by becoming a tax system intended to promote exports. Our position is WTO rules and multilateralism are important and we want to lobby for that.
This has not been attempted in the past, because it could very well violate the U.S.'s WTO commitments. Subsidies are usually defined as needing to apply to a specific sector or economic entity, and China's currency policy is country-wide. Neverthel[...]
President Trump, during his election run, made it very clear that if we cannot get the WTO to enforce the rules that everybody agreed to when they joined up, that the WTO will have lost its effectiveness and we will re-evaluate whether we even belon[...]
If people are not willing to renegotiate in good faith and promote fair trade … then [Trump] will have some tough decisions to make and I think he's up to the challenge of whatever he believes is necessary to make sure we get fair negotiations and f[...]
Given the rules and procedures by the WTO, it would be difficult to impose measures similar to those taken during the 1980s, as long as the U.S. remains a WTO member.
MPs must not be duped by the Government's attempt to quell unrest on their backbenches. The vote they're offering – which will give MPs a choice between an extreme Brexit and falling off a cliff edge into WTO trade rules – isn't a concession, it's a[...]
The total tax rate on the 100 per cent domestically-produced good is going to have a lower effective tax rate than the rate on the import.
You need something in the interim period, a transition agreement. Without it you go to the WTO rules, this is why agreement transition or not has binary implications… if you have an agreement then we can see cable well above 1.30, if you don't it ca[...]
(That is) extremely important and I don't think the market is focusing enough on this issue…. The Brexit negotiations will take two years (and) we know that the new trade agreement between the U.K. and the EU will take much longer. Usually it takes [...]
No deal for Britain is better than a bad deal for Britain.
Well, I think that once the British Prime Minister said in one way or another that she is ready to walk away, walking away from a deal means reverting to WTO rules.
It would be plainly WTO-inconsistent. It has manifest violations which could even justify the use of the expedited procedure for dispute settlement in the WTO.
The political pressure would be really strong to go for an all-out trade war. It's a bizarre idea, to be involved in a trade war with Europe's closest ally, but political pressure would grow.
Our expectation when potential policies like this are mooted is that the prime minister and those in government can represent us in the right places in the U.S., and we are confident that they would do that.
A border tax akin to the GOP proposal remains more likely than the market appreciates.
A border tax adjustment would be a deviation from the existing system (on corporate taxation).
We believe this resolution will contribute towards increasing trade, attracting foreign direct investment and end the economic isolation that affected the Sudanese citizens for two decades.
The worst that can happen to (the U.K.'s) trade is that we will trade with Europe as we trade with the rest of the world at the moment … with relatively light tariffs and relatively light barriers because we've had very good progress through the WTO[...]
We'll start selling them in 2018. They tend to be very nationalistic in their product and I think knowing that, we have to very sensible about what we believe can be our rate of climb in terms of market share. No deal is a tough deal because it basi[...]
My comment was that of openness. Litigation in my book has always been the last resort. There might be another way other than litigation to look at the issues he was putting on the table with respect to Bombardier.
The duties on light commercial vehicles are not in line with commitments by Russia at the time it joined the WTO. Those measures now have to be removed.
The main barrier to an import tax like that is that it could be in violation of NAFTA [North American Free Trade Agreement] or WTO [World Trade Organization] rules. And that's where the Trump team could potentially get more creative and declare this[...]
We will not accept any renegotiation of the free trade agreement. There is always the possibility of abandoning the treaty, and then governing the commerce between the United States and Mexico with the rules established by the World Trade Organizati[...]
Let's be under no illusion about what that would mean. We know from French firms based in the UK and British firms based in the UK how damaging that would be. Let's not take this opportunity for granted. Let's speak up as European businesses on both[...]
We may see a battle of trade litigations especially after Trump takes the helm in the U.S.
All trade need to be fair. If there are trades that violate the rules, we will take necessary actions while consulting with our government.
Trade is responsible for two job losses out of ten. What happens is the other eight are lost not because of trade but they are lost because of new technologies, innovation, higher productivity.
The system is horizontal it applies to everybody, the system that is perceived to be fair to someone, isn't fair to someone else. That's the beauty of negotiations at a multilateral level - you try to strike a balance - the balance is never perfect [...]
The U.S. today itself has the largest slice it has ever had in terms of manufactured products in the world, but the loss of jobs is still there, not because of trade, not because of cheap imports but because of higher productivity.
It is very important now that we go into these negotiations aiming for an all encompassing free trade arrangement and do whatever can be done to head off the risk of falling back into WTO regulations.
The recognition by the Prime Minister of the importance of single market arrangements for the automotive sector is critical. We need government to deliver a deal which includes participation in the customs union to help safeguard EU trade, trade tha[...]
Theresa May is in a deceptively weak position when it comes to Brexit. Fundamentally she has a very small majority. In our view, we're heading towards WTO rules in the most likely scenario unfortunately.
Just like in the World Trade Organization (WTO), India has been very recalcitrant on market access opening...India is very loathe to open its markets to anyone, even its friends and allies.
When China drives down aluminium costs by cheating, Ohio workers and manufacturers pay the price. Thousands have lost jobs because of unfairly subsidised aluminium from China that has flooded the market and led to overcapacity and it's past time we [...]
I think you're setting up both a philosophical and a practical way in which the U.S. government [is going] to renegotiate trade agreements both with and without WTO. It's going to be a continuation of the steel trade wars and expansion of that to co[...]
Canada's subsidies have created serious distortions in the market, in addition to violating current international norms.
There is no country in the world that doesn't heavily subsidize its aerospace sector.
In my view, the WTO option would not be the most favoured outcome. I hope that we would be able to agree with our European partners tariff-free access but on a reciprocal basis.
If what they plan to do is get a little scratchier with China on enforcement within the existing WTO rules, that's OK. But if they go outside those guardrails, it will be unpleasant because that will draw retaliation.
In order to minimise disruption to global trade as we leave the EU, over the coming period the Government will prepare the necessary draft schedules which replicate as far as possible our current obligations. The Government will undertake this proce[...]
If the Trump administration decides to play by the rules of the [World Trade Organization], then we will avoid a trade war. If the administration decides not to play within the rules, then that is much more dangerous. We'll have to see what happens.
It's a right that China must enjoy as a WTO member and an obligation that all WTO countries must fulfill.
This WTO battle is a battle of the past which benefits only the armies of lawyers both sides employ. I continue to think that the only way out of the ridiculous series of disputes initiated by the US is to agree on a set of globally applicable rules[...]
Today's WTO ruling is an important victory for the EU and its aircraft industry. The panel has found that the additional massive subsidies of USD 5.7 billion provided by Washington State to Boeing are strictly illegal. We expect the US to respect th[...]
We expect the U.S. to respect the rules, uphold fair competition, and withdraw these subsidies without any delay.
After any appeal, we fully expect Boeing to preserve every aspect of the Washington state incentives, including the 777X revenue tax rate.
Trade is not for amateurs. Trade is tough. So we should not pre-judge and jump to conclusions whenever any initiative is launched.
I think that at this point in time, what we have to do is be ready for a conversation.
If you don't have the right diagnosis, you don't have the right medicine. If the medicine is simply protectionism, the outcome will be that you will harm the patient.
I haven't heard, at this point in time, anybody say trade is bad for the United States.
I haven't had any indication from anybody that that could be the case.
We hope that these trade deals will follow the World Trade Organisation (WTO) rules and be helpful to the multilateral trade system. Also, we hope these agreements can reinforce rather than thwart each other.
We think that calling China a currency manipulator probably has a reasonable chance (of happening), but in itself it does not really carry a lot of sanction. But if they levy a 45 per cent tariff on China then that's basically a violation of WTO agr[...]
My expectation with soft Trump is for more trade defense, at least for the moment, testing the limits of WTO rules and then we'll see whether there is litigation and disputes in the WTO in one year or two years from now.
If I look at Trump and trade, the big question is whether soft Trump or hard Trump. I think there are elements on both sides. Overall if I had to bet I would bet more on soft Trump.
US leadership in the global economy and the multilateral trading system remains vital. It's clear many feel trade isn't working for them. We must address this and ensure trade delivers the widest benefit to the most people.
A lot of it will depend on the terms that the two parties will come to. So the U.K. on the one side, the EU on the other side.
The first thing we need to do is define what a hard Brexit is...I think that the less turbulence you have in this process the better. So if we can maintain the kind of relationship that exists today, so much the better. But that's much easier said t[...]
The best thing would be an agreement under the auspices of the World Trade Organization (WTO). We should restart discussions in the WTO even as we are negotiating comprehensive bilateral agreements.
The other WTO members arguably could say, I don't like it. We should change this, or we should change that.
That may have a positive impact on how the other WTO members view this or not.
Today's historic ruling finally holds the EU and Airbus to account for their flouting of global trade rules. This long-awaited decision is a victory for fair trade worldwide and for U.S. aerospace workers, in particular.
Without having to compete against illegal, market-distorting practices, Boeing should win more sales around the world.
This report is a sweeping victory for the U.S. and its aerospace workers. We have long maintained that EU aircraft subsidies have cost American companies tens of billions of dollars in lost revenue, which this report clearly proves.
The historic ruling finally holds the EU and Airbus to account for their flouting of global trade rules.
We expect the EU, Germany, France, the United Kingdom, and Spain – some of our closest trading partners – to respect WTO rules. We call on them to end subsidised financing of Airbus immediately.
The United States has been a leader on this issue. We are eager to join with similarly committed WTO members to negotiate new rules that will help protect the marine environment and allow American fishermen and women to compete on a fair and level p[...]
When I have to go out and defend trade agreements, the single most important story I can tell is we are enforcing the agreements that we have. The message is sent: we will take aggressive action in the WTO when we see trade policy fail.
These programs distort Chinese prices, undercut American farmers, and clearly break the limits China committed to when they joined the WTO.
We will not stand by when our trading partners fail to follow the rules like everyone else.
Through tariff cuts and the removal of other trade barriers, China has gone from a $2-billion-a-year market for U.S. agricultural products to a $20-billion-plus market. But we could be doing much better, particularly if our grain exports could compe[...]
It is extremely difficult and the interests are very clear, visible and political as well, but it's possible. We have proven (that) at the WTO often – we had the Bali deals two years ago; just last year, another one.
That may lead to the wrong policies and the wrong decisions, as we come to the situation where a new government is in place.
Trade growth is below 3 percent, it should be at 6-7 percent and act as a locomotive and what are we seeing? We look like we're going backwards.
A deal that important, that meaning(ful), will be tough.
We are only two months away from the U.S. election and again the mood in the U.S. is, at least from the speeches, very anti-free trade and at the same time in Europe, you have a very low growth period.
When we talk about trade, most of the times, it's making a relationship between trade and unemployment. Trade is not the cause of unemployment. In fact, the biggest drivers of unemployment are innovation and increased productivity. More than 80 perc[...]
(The European Union) came out strongly saying no, (German Chancellor) Angela Merkel came out and strongly saying no, we're on it and working on it. U.S. said we're working it. All I'm saying is the symptoms and the signals are not good so we have to[...]
I am concerned. I think that as far as trade is concerned, we are not worse than we were before but we are definitely not much better. We will be growing now at the slowest pace than the last 30 years. It is still sluggish and the problem is this ne[...]
The terms of the protocol apply to all WTO members equally. They may see it differently or understand that differently, but the terms of the protocol apply. The WTO had no need to make a determination on China's market economy status. Now the way fo[...]
Embraer is capable of competing against any companies, but not against the government of Canada.
Most people don't like messy situations.
They have seen our airplane go through the certification process and now enter into service. There is certainly a lot more competition and they are probably concerned about what the CSeries means for their business.
We should work out what we do in the improbable event of the EU taking a dog in the manger attitude to single market tariff free access, and insist on WTO rules and levies, including 10 percent levies on car exports.
There will be negotiations ensuing if the U.K. leaves the EU. So negotiations would be needed between the U.K. and the EU; the U.K. and other WTO members; and the countries with whom the EU has free trade areas.
Those are not easily sorted out when somebody enters the EU, or leaves the EU. I don't see how just negotiating with the EU is going to obviate the necessity to establish what the parameters are between the UK and all other WTO members.
All that I am saying is that unless you go for some kind of radical, almost theoretical, argument that no negotiations are needed, any other scenario would require some negotiation with all WTO members.
The moment you want to write a limitation here or there, technically any member of the WTO may say 'I disagree with the limitation that you're introducin.
It is very likely that both the EU and the UK will have to negotiate with all WTO members.
It is not far-fetched to imagine that some members may say that it's difficult to negotiate the Brexit terms with both the EU and the UK while the current status of the EU membership is not fully ascertained.
The example that we're talking about is an extreme example, and I think it's very unlikely that politically this would be feasible. My experience has been that I haven't seen a true free trader on this real earth yet. Everybody somewhere has some de[...]
It could be a few years, it could be decades. But our experience suggests that to expect smooth sailing and quick results would be a high-risk bet.
Ukraine has already filed a complaint with the World Trade Organization over Russia's trade embargo. Kyiv hopes that the ban on the transportation of Ukrainian goods will be considered at the meeting of organisation's General Council in the later ha[...]
Trade works when the rules are followed, and it is imperative that China, the world's second-largest economy, lives up to the rules it agreed to when it joined the WTO in 2001.
Today's action holds China accountable for unfair taxes that they are imposing on American exports of broiler chicken products.
Visa liberalisation together with balanced trade between the EU and Russia, especially after its accession to the WTO, would have given Medvedev a good Christmas present to go back to Moscow with. That would have given him a competitive advantage ov[...]
I've just said that indeed for the enhanced agreement it is important that Ukraine first undertakes the still-lacking steps towards WTO accession. But we have heard today that the Prime Minister and his government are already working very narrowly o[...]
It is the beginning of a long-standing process that could take maybe three to four years more to send the final report. We will also have to wait for the report that the WTO will send about the subsidies that Boeing has received.
Russia's accession to the WTO is definitely a positive signal for all Western investors, a positive signal for all companies that work in the Russian economy. We expect mid- to long-term economic growth from this.
Well, I don't think my starting point would be the same as yours. Your starting point is that WTO is becoming irrelevant. The amount of world trade is roughly twice what it was 10 years ago. Has this worked for development? Yes. The share of develop[...]
Yes, but the EU has already put an offer on the table, which so far hasn't been matched by other large countries at the WTO negotiations. So this offer already exists. We're just waiting to see what steps our partners are willing to take. I mean,[...]
Following our agreements with the United States and now with the European Union, Russia joining the WTO becomes, practically, a reality.
We see specific, significant WTO related problems that bilateral dialogue simply has not been able to resolve. Current Chinese laws impede effective attacks on piracy and counterfeiting and legitimate audiovisual products and publications continue t[...]
Against the backdrop of the current crisis, we often hear that the current model of globalisation has outlived itself. So why join the WTO?
This WTO panel report clearly shows that Boeing has received huge subsidies in the past and continues to receive significant subsidies today.
Recent cases that are important ones have included the very large increase in protection for automobile imports, and timber export duty cases: these kinds of jumps or discontinuities in Russian trade policy will be inconsistent with WTO membership.
I do not see any possibility for an organization like the WTO to decide without being by consensus. What we can do is to create different rhythms for some negotiations, we have to be flexible in the process. I think it is not sustainable that the or[...]
We should jointly promote the reform of international economic and financial rules and standards. It is important to oppose all forms of protectionism, to exercise prudence in adopting trade remedies and to push for comprehensive, balanced outcomes [...]
The Russian regulations also hurt our companies and do not meet Russia's commitments to the WTO.
There's a negotiation going on. There are so many countries around the WTO table that the law of the numbers will prevail on agriculture.
Our reform of the CAP is not linked to WTO negotiations, they are two completely different things.
I think that there is a fair amount of consensus to be achieved on outstanding issues. But it does require movement by everyone. Everyone has to take their share of the heavy lifting. Everyone has issues on which they are defensive, where it is diff[...]
I have studied engineering. An engineer can not be optimistic because the building will fall, but also he can not be pessimistic because he will spend too much money. Basically, I'm realistic: I think there are difficulties, member countries will ha[...]
We are tough negotiators and the reason why is because we want the agreement that we reach to be accepted by our US congress.
Let us set another deadline to keep the pressure on. It's going to be tempting after Hong Kong to take a deep breath, won't it? We can't let that happen.
Agriculture is a very important industry in Ireland. No fundamentally important industry can be used as bargaining chip.
We have some recovery after the bad year we had on 2009, but it is still fragile and very depending on the part of the world that is growing, namely emerging countries.
We have made a major effort to save these talks. We have proposed an end date for the elimination of export subsidies. However the goalposts moved at the last moment and we are now informing the member states of the situation.
We've been talking about how we can wrap up the negotiations on the common multilateral issues by the end of this year and then by mid-2007 we can complete the discussions with those countries that have not yet signed bilateral agreements with Russi[...]
We have been very strong proponents in terms of following up in the Uruguay Round, in terms of trying to reduce, eliminate export subsidies, substantially reduce domestic subsidies that are distorting of trade, and also increase market access.
Our cars are not good.
This result of long and complex talks is good both for Russia and for our future partners.
We cannot afford to wait again, when the finishing line is in sight, that is the time to quicken the pace. We will not succeed in Hong Kong or after, if we continue to focus though on only one part of the round.
Well, as Director General I can not be anything other than a facilitator of understanding and consensus on a relentless pursuit for trade liberalisation. It is one of the essential elements for global economic growth, not just for certain individual[...]
Today, Russia joins the World Trade system with an export structure, which is still heavily concentrated on fuels and minerals, that represent more than two-thirds of Russian exports. This should be an important contribution to the future diversific[...]
Probably the result will focus on issues such as agriculture, trade facilitation, food security, development issues. How, in what way, to which extent and which depth, is what we will negotiate.
This is not the time for go-it-alone measures. This is the time to strengthen and preserve the global trading system so that it keeps performing this vital function in the future.
No way, it can help a lot! It can help a lot because it means progress in some fields of work that may eventually be used as inspiration for multilateral understanding.
We again found ourselves with conflicting economic developments, portending either a continued crisis or slightly better times ahead.
These countries need greater attention from the multilateral trading system, we must give them more opportunities to fit the commerce and production's chains, something that currently takes place across borders. A product is no longer just made in o[...]
Vietnam is the 150th member of the organisation. Being a member of this club brings enormous advantages in terms of making sure that trade opening, which can contribute to welfare creation and poverty reduction, is done on a level playing field.
It is the governments' attitudes that lead the market to be more open or more closed. So, we can have fields of work that governments use as basis for an opening, for liberalizing, but may also be used for the closing, the protection, if that is the[...]
I think it is no use beating around the bush. This meeting has collapsed. Members have simply not been able to bridge their differences. What happened today will certainly not strengthen the multilateral trading system. It will not improve the syste[...]
In general, global trade has a very close relationship with the economic growth. The important thing is to give member countries the ability to act and interact with other markets in a predictable and balanced way, without rules that favors a certai[...]
For example, in the agricultural area. The agricultural legislation, the subsidies, the phytosanitary barriers of today are not those that existed in the 80s, when the Uruguay Round was completed. In the area of intellectual property there is a huge[...]
These bilateral agreements, in which the negotiation is closed and few countries are involved, tend to test the boundaries of trading. They go to the limit of what is possible in terms of negotiating the liberalisation of trade and the creation of n[...]