World Trade Organization
Let me start with a bit of wonderful news: Next Tuesday, Nov. 6, the Chang'an Cargo Train (a.k.a. China Railway Express) is to make a short stop in Ankara. It is then going to pass under the Bosphorus, using the Marmaray tunnel. This is going to be the first direct cargo train traveling from Xian, China, to Europe, arriving at Prague passing through Bulgaria, Serbia, Hungary and Slovakia.
Donald Trump has announced that if necessary, the United States will leave the World Trade Organization (WTO), AFP reports.
During a visit to Pennsylvania, the president announced, "We know the WTO has been screwing us for years. That won't happen again. "
The World Trade Organization is often the target of various attacks by Donald Trump.
The United States intends to end Turkey's preferential trade treatment under a program that allowed some exports to enter the United States duty free, the US Trade Representative's Office said on Monday.
Turkey is no longer eligible to participate in the Generalized System of Preferences program because it "is sufficiently economically developed," USTR said in a news release.
The World Trade Organization (WTO) is in a difficult situation at the moment, and swift action is needed for this entity not to fall apart, Cecilia Malmstrom, European Commissioner for Trade told on Friday a joint press conference held at the Parliament Palace with the Minister for the Business Milieu, Commerce and Entrepreneurship, Stefan-Radu Oprea.
The World Trade Organization (WTO) needs to be reformed urgently and needs to be strengthened, because at present it is incapable of making decisions, European Commissioner for Trade Cecilia Malmstrom said Thursday in Bucharest. The European representative warned that should the WTO collapse, there would be catastrophic consequences in the economy.