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ECONOMY > Trade

U.S., Japan, EU submit proposals on WTO reform

  • November 13, 2018
  • , Nikkei evening edition
  • JMH Summary

Tuesday evening’s Nikkei wrote that the United States, Japan, and the EU jointly submitted to WTO on Monday proposals for its reform, including the reform of a punitive clause for failure to give notification of industrial subsidies. WTO members are required to inform the body when they extend subsidies to domestic industry. However, China has been criticized for its failure to comply with the requirement. The paper speculated that although the United States, Japan, and the EU are hoping that the 164-member body will approve their proposals at its regular meeting, discussions on the issue may run into difficulties due to the opposition from China.

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