Global trade system under WTO 'has failed', Australian treasurer says
by Gareth Hutchens from Economics | The Guardian on (#3VEVM)
In an interview at the G20 meeting, Scott Morrison tells Fairfax the US-China trade war is a chance to look at the rules
The Australian treasurer, Scott Morrison, has said the global trading system has failed and ought to be subject to a broad review, according to reports.
The World Trade Organisation (WTO) system was "built for a different time" and the current trade war between the US, Europe and China could provide the opportunity to take a closer look at "how those rules work and how they're operating", he was quoted as saying.
Related: Australia's tax base is collapsing and we are on a collision course with reality | Greg Jericho
Continue reading...