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Last quote about World Trade Organization

Theresa May
The point of the implementation period is to put in place the practical changes necessary to move to the future partnership. In order to have that you need to know what the future partnership is going to be. If we haven't got a long-term trade deal agreed by this time next year, then there won't be any transition deal at all and Britain will end up on WTO rules by March 2019. I am ambitious and positive about Britain's future and these negotiations.feedback
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Oct 23 2017
“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 209 quotes about World Trade Organization you can find on this page. 121 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.
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All quotes about World Trade Organization

Liam Fox

Our agreed collaborative approach shows real progress on how UK government intends to take forward our future trading arrangements with the world. To ensure a smooth transition which minimises disruption to our trading relationships with other WTO members, the UK intends to replicate as far as possible its obligations under the current commitments of the EU.feedback

Zhang Xiangchen

And some even challenge the existing rules in the dispute settlement mechanism. Of course any mechanism needs to keep pace with the times and be constantly improved. But if the core values, the fundamental principles are abandoned, the organization will face a crisis of survival.feedback

Liam Fox

We may think the benefits of free trade are self-evident but we need to sell benefits to the public. We have to go beyond the economics into the moral argument. As we leave the EU and take our independent seat at the WTO we will champion free trade.feedback

Ian Stevens

WTO trading conditions would be complex, costly and disruptive.feedback

Seamus Kearney - Euronews

It's against the backdrop of a project like this that the UN World Tourism Organisation is hoping to make progress on a key question: how can tourism be used as a tool for development, but also be good for the planet and its inhabitants. There is also pressure on countries to put words into action. There's already a code of ethics for WTO member states. But there have been growing calls for a stronger international convention or charter.feedback

Robert Lighthizer

The WTO and its predecessor … were not designed to successfully manage mercantilism on this scale. We must find other ways to defend our companies, workers, farmers, and indeed our economic system.feedback

Lu Kang

The nature of China-U.S. trade relations is mutually beneficial. China and the U.S. should work together to uphold authority of the WTO rules.feedback

Robert Lighthizer

The EU should immediately come to the table on a solution that will end all its WTO-inconsistent subsidies.feedback

Maggie Bergsma - Airbus Group

Today's ruling will strengthen the (original EU) case on the long term and allow us to expand our compliance demands.feedback

Jamie Whyte - International Energy Agency

There are many myths being perpetuated about trade policy – and more specifically about the UK's relationship with the EU – that must be debunked. Many people believe that disaster will befall us if we do not forge a deal with the EU. In fact, we could unilaterally eliminate all import tariffs, which would give us most of the benefits of trade, and export to the EU under the umbrella of the WTO rules. Then we can seek free trade deals with all major trading partners, including the EU.feedback

Mike Hawes

Wait and see is an apt way to describe what the industry is doing. Everyone is scenario planning to work out what the impact is likely to be: will we get a trade agreement, a WTO deal or business as usual? Whatever happens there will not be a part of the business that is unaffected though – manufacturing, R&D, logistics, HR, everything.feedback

Daniel Ikenson - Cato Institute

But there is a right way to deal with it and a wrong way. The right way is to avail ourselves of the World Trade Organization and identify the problems that China is creating, say, forced technology transfer.feedback

Daniel Ikenson - Cato Institute

That would violate our own WTO commitments and that would, in my view, set up a trade war because the United States would be abandoning its commitments and showing the rest of the world that the WTO is not worth anything, and it really is worth quite a lot. Over the years I have advocated treading lightly with China. ... A lot of the complaints, a lot of the frictions in the relationship I think were sort of manufactured, but certainly there are some legitimate issues we have with China.feedback

Cheng Dawei

I think this is an opportunity for China to emphasise its role and take a stance at the WTO. China [could] strike back by simply choosing some important goods to find flaws or stir up trouble with.feedback

James Bacchus

There is an obligation in WTO to enforce intellectual property rights that is not fully explored.feedback

Wilbur Ross

Until we make better deals with our trading partners, we will never know precisely how much of our deficit in goods is due to such trickery. But there can be no question that these barriers are responsible for a significant portion of our current trade imbalance. Apparently, the possibility never occurs to the WTO that there are more trade cases because there are more trade abuses.feedback

Ali Alwaleed al-Thani - World Trade Organization

Obviously all options are available. But we have not raised a consultation request with Egypt yet.feedback

Ali Alwaleed al-Thani - World Trade Organization

If it is self-regulating, that is a danger to the entire multilateral trading system itself. And we believe the WTO will take that into consideration.feedback

Ali Alwaleed al-Thani - World Trade Organization

The consultation request is to discuss and clarify the legality of these measures and find a way to bring them into conformity with their commitments. We have always called for dialogue, for negotiations, and this is part of our strategy to talk to the members concerned and to gain more information on these measures, the legality of these measures, and to find a solution to resolve the dispute.feedback

Ildefonso Guajardo

The majority of recent controversies (with the United States) ... we have won them all in the WTO, which has been for us, a much more efficient mechanism than Chapter 19 of NAFTA.feedback

Liam Fox

What we are doing is to discuss at the WTO why Britain believes in free trade, why we reject the concepts of protectionism, why we think that we need to liberalise the services economy globally. We don't want to have no deal. It is much better that we have a deal than no deal. We can of course survive with no deal. And we have to go into a negotiation with those on the other side knowing that's what we think. That's the legal definition – if you are out of the European Union, you are not in the single market or the customs union.feedback

Tim Martin

It doesn't amount to much under WTO rules – and still do better than deals with the EU.feedback

Michael Lux

There would be some issues with compatibility with international law. If you say I'd support your investments, under the subvention agreement of the WTO, that might be a problem and lead to accusations of unfair state subsidies.feedback

Kathrin Muehlbronner - Moody's

The likelihood of an abrupt – and damaging exit – with no agreement and reversion to [World Trade Organization] trading rules has increased compared to our expectation after the referendum, with the government so far pursuing objectives that imply a hard exit.feedback

Bob Jones - World Trade Organization

WTO tariffs could have a significant impact on both consumers and retailers alike – totting up consumer price tags and further squeezing retail margins. It's important to remember that our analysis does not even reflect the steep costs consumers and retailers are already facing as a result of the pound sterling's devaluation or the costs of any new non-tariff barriers. If the UK leaves the EU without a trade deal or transitional agreement, we can expect both higher prices and a huge spike in red tape at the borders.feedback

Donald J. Trump

Here are seven steps I would pursue right away to bring back our jobs. One: I am going to withdraw the United States from the Trans-Pacific Partnership, which has not yet been ratified. Six: I am going to instruct the U.S. trade representative to bring trade cases against China, both in this country and at the WTO. China's unfair subsidy behavior is prohibited by the terms of its entrance to the WTO, and I intend to enforce those rules.feedback

Cosette Creamer

I think there are more multilateral approaches and even unilateral responses that would be more appropriate. In other words, I'm concerned about using the use of the national security justification and the slippery slope that might send us down. I think using the national security justification was a smart legal strategy in terms of the deference that the WTO will likely give such a determination. But I also worry about what any WTO challenge to duties – if imposed – would mean for the authority and legitimacy of the WTO dispute resolution system.feedback

Gabriel D'Arcy

If there is not a free trade agreement on food and agriculture, between the EU and the United Kingdom, this raw material, this milk for instance, will be subjected to WTO tariffs which will be up to 50 percent of the value of the actual product, which will kill off all of this trading. I think Brexit is a disaster, politically, economically, socially – nobody knows what is ahead of us and the fact that English folks has dragged us out of the European Union is almost criminal, completely insane.feedback

Gabriel D'Arcy

If there is not a free trade agreement on food and agriculture, between the EU and the United Kingdom, this raw material, this milk for instance, will be subjected to WTO tarriffs which will be up to 50 percent of the value of the actual product, which will kill off all of this trading.feedback

Robert Lighthizer

This is now a topic of serious discussion at the WTO. We expect to see meaningful changes in order to maintain the relevance of the system.feedback

Robert Lighthizer

I have made it very clear that a bad decision with respect to the non-market economy status of China would be cataclysmic for the World Trade Organization (WTO).feedback

Mike Hawes

We accept that we are leaving the European Union and we share the desire for that departure to be a success. But our biggest fear is that, in two years' time, we fall off a cliff edge – no deal, outside the single market and customs union and trading on inferior WTO terms. This would undermine our competitiveness and our ability to attract the investment that is critical to future growth.feedback

Mike Hawes

The greatest threat to that progress is Brexit. To leave in 2019 without a deal would put the industry in peril, defaulting to WTO tariffs and customs barriers would damage our industry permanently.feedback

Crawford Falconer

The WTO has plateaued because it hasn't got the kind of leadership and innovative thinking that will take it to the next level. The UK now has a unique opportunity, within the WTO, to provide economic leadership for the world trade agenda - and my God, doesn't the world need that right now.feedback

Axel Eggert

The EU is a NATO partner of the U.S., therefore this doesn't make sense. The EU should have a full exemption from 232 measures. We fear there could be a broad application of section 232 that would be reason enough to provoke a reaction from the EU under WTO rules. The Commission is looking into all the options.feedback

Dhruv Sharma

The WTO ruling has torpedoed everything. It's not a case of one company – we have the largest cell operating capacity – everybody below us will shut down one after another.feedback

Sonny Perdue

I made it very clear that the Class 7 designation we felt was unfair, undercutting this (U.S.) industry that grew up south of the border. ... The quick win would be to do away with Class 7 milk, which we think is a very unfair, underhanded circumvention of WTO (World Trade Organization).feedback

Angela Merkel

The whole discussion about climate has been difficult, or rather very unsatisfactory. Here we have the situation that six members, or even seven if you want to add the EU, stand against one. That means there are no signals until now whether the U.S. will remain in the Paris Agreement or not. We have therefore not talked around it but made clear that we the six member states and the EU remain committed to the goals of the agreement. We want to make the WTO successful.feedback

Maxim Oreshkin

There are serious grounds to believe that by all these measures taken, Ukraine is violating its obligations towards WTO.feedback

Wilbur Ross

The Congress has been slow-walking everything. We don't even have half the people in place. What we are restricting is trade that violates trade agreements or violates WTO rules. Not much point of having trade agreements if you are not going to enforce them. The reality is from the point of view of the U.S., the most favoured nation clause is actually an impediment to freeing up trade. Congressional delays are actually causing more of an import problem from Mexico than we had before. I don't think it is so much that the dollar is too strong as that the other currencies are too weak.feedback

Takehiko Nakao - Asian Development Bank

I think it is the responsibility of the World Trade Organization. We have global bodies, (so) it will be ensured that there should be no protectionism.feedback

Steve Okun

[For] the four presidents preceding Donald Trump, we had a focus on a multi-lateral system that was rules based, and that evolved over time and it went from FTAs (free-trade agreements) and WTO (World Trade Organization) and up to the TPP (Trans-Pacific Partnership). The Trump administration seems to be shifting that from a multilateral to a bilateral and from a rules-based to a transactional. It is certainly a step back.feedback

Crawford Falconer

The WTO has plateaued because it hasn't got the kind of leadership and innovative thinking that will take it to the next level. The UK now has a unique opportunity, within the WTO, to provide economic leadership for the world trade agenda - and my God, doesn't the world need that right now. Many of the leading economies in the world has lost the plot. An economy like the UK is going to be an independent and powerful voice for reform and change in the global economy, and that is going to be a massively refreshing political voice in Geneva [at the WTO's headquarters].feedback

Will Byun - NH Investment & Securities

Rising trade protectionism is negative to the steel industry overall, but the industry has been recovering, helping cushion the negative impact.feedback

Toby Nangle

The rise in the pound appears to be driven by expectations that with an enhanced majority May will no longer be held hostage by hard-Brexiteers in her Party, and as such will have a better chance of avoiding a hard Brexit to WTO trade rules which some fear would hit the economy.feedback

Antony Froggatt - Chatham House

I was at a conference recently where EDF were saying their main concern about skills was specialised steel fitters for the construction of Hinkley. They said there were not enough in the country to build Hinkley and therefore this is the main area that they're concerned about. Achieving a timely but smooth exit from Euratom is essential as there is no 'WTO' agreement to fall back on.feedback

Wilbur Ross

We've been studying it very carefully. But I don't believe the president has taken a position on it just yet. Something needs to be done to fix that one way or the other. We don't have a value added tax. And three times the WTO [World Trade Organization] has ruled against measures passed by Congress to let our exporters deduct their corporate income taxes on exports when they make the export. It's an inherently unfair anomaly.feedback

Sigmar Gabriel

We Europeans cannot accept this. The EU must now examine whether it also files a complaint at the WTO. I strongly support this.feedback

James Dyson

I wouldn't want the Government to target that area. We should make maths, science and engineering students that come to stay in this country welcome here. I am very much against targeting them. I think they should be excluded from the immigration targets. We already pay the World Trade Organisation (WTO) tariff into Europe because we manufacture in Singapore and that has not affected us. It is not the end of the world to pay import tariffs. However, I think the EU would not be acting in its best interests if they did not negotiate a free trade agreement with the UK.feedback

Thomas Cottier

To the extent that governments are directly or indirectly involved, it may violate rules on state trading or the prohibition to encourage voluntary export restraints. However, conduct of private companies is subject to domestic anti-trust law and is not part of WTO law.feedback

Leif Johansson - AstraZeneca

It's obvious that if China is to be part of the overall global economy and be able to take its rightful part in the world economy, then market access and the level playing field – just as we have defined in WTO rules – are important for China to come into the world in the right way. We have been engaging a lot in China as companies and as countries. China is now engaging outside of China, which I think is a very natural development. It's very important that we hold on to what we have gained over the last couple of decades, which is a much freer world trade regime.feedback

Ben Howlett

Anyone that suggests that WTO would be a good thing is bonkers. This ideological baloney has to stop before we face an absolute disaster.feedback

Anna Soubry

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.feedback

Keith Rockwell - World Trade Organization

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 these schedules could come into being. They have also explained Article 24. Importantly, both the UK and the EU would have to agree on this.feedback

Brigitte Zypries

The other option is that we file a suit against him at the WTO – there are procedures laid out there because in the WTO agreements it is clearly laid out that you're not allowed to take more than 2.5 percent taxes on imports of cars. We know ourselves that that's a problem and we're working on it. Thankfully we just heard today that wage rises have been agreed again so that means domestic demand can increase again and we want to address tax incentives for research… so we're on a good path.feedback

Pascal Lamy - World Trade Organization

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.feedback

Pascal Lamy - World Trade Organization

Whatever deal we succeed in making, and I am pitching for the best deal, the most open, the most simple, the most efficient and the most pragmatic, the greatest deal we can have, is going to be complex and costly. In trade terms, there is no way switching from the internal market to any other arrangement, including the best, won't be costly. Anything that has a cost for the UK has a cost for the continent because of the deep integration of our production systems.feedback

Keir Starmer

It is a reminder of the stark choices we face over Brexit and the huge risks of the PM failing to get a good deal. Labour is clear that no deal is the worst possible deal and would not be in the national interest. The PM should be fighting for a close, collaborative future relationship with the EU and rule out the danger of reverting to WTO terms, as this would be disastrous for British jobs and businesses.feedback

Lee Hyun-jae

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.feedback

Michael Clauss

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 companies that would like to produce here in China and build a factory and start producing are forced into going in a joint venture. It's also frequently they're asked to transfer technology, which is against the rules of the WTO. And the tendency seems to be growing. That's the complaint we get from German businesspeople.feedback

Gabriel D'Arcy

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.feedback

Chad Bown - Peterson Institute for International Economics

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 States going down this path is that it is likely that other countries will follow suit immediately.feedback

Paul Drechsler

Here in the UK and across the continent firms are worried about this 'worst-case scenario'. Some are getting ready for it to reduce economic damage. Some won't prepare because they're hoping for a deal. But in reality many firms can't prepare because the cost of change is simply too high to even consider it. There are now a number of people around who seem to think no deal would be fine; WTO rules would be fine. The more I hear that, the more I worry that that becomes the narrative.feedback

Yasutoshi Nishimura

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.feedback

Roberto Azevêdo

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.feedback

Scott Kennedy

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. Nevertheless, the Trump Administration may be willing to assume the risk of WTO litigation in order to find a new tools to counter what it sees as unfair Chinese competition.feedback

Dan DiMicco

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 fair treatment in these world bodies, including walking away.feedback

Dan DiMicco

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 belong to the WTO or not.feedback

Hiroshi Mukunoki

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.feedback

Caroline Lucas

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 an ultimatum. Parliament should have a real voice on the terms of Brexit – not a symbolic handout from a Government trying to railroad their extreme Brexit through the House of Commons.feedback

Scott Lincicome - White & Case

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.feedback

Thanos Vamvakidis - Bank of America Merrill Lynch

(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 seven to ten years, (look at the) Canada deal with the EU which took seven years.feedback

Thanos Vamvakidis - Bank of America Merrill Lynch

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 can go as low as 1.10. Without a transition, you don't have just a hard landing; you have an over-shooting because the WTO rules are much worse than any possible trade deal. This is why we believe it is in the benefit of both sides to avoid the WTO cliff and have an agreement and a transition period.feedback

Joseph Muscat

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.feedback

Robin Winkler - Deutsche Bank

A border tax akin to the GOP proposal remains more likely than the market appreciates.feedback

Edward Roosens

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.feedback

Philippe De Baere - Van Bael & Bellis

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.feedback

Markus Kerber

A border tax adjustment would be a deviation from the existing system (on corporate taxation).feedback

Andy Goss

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.feedback

Osman Ahmed Fadul Wash

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.feedback

John Redwood

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 in getting barriers down between advanced countries, and this is trade between advanced countries. I don't see why we should have to pay; I don't see what the legal basis is. You cite to me the treaty article that says you have to pay a lot of money to get out of this club.feedback

Chris Gubbey - Geely

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 basically means going to WTO standards which is a 10 percent tariff.feedback

François-Philippe Champagne

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.feedback

Cecilia Malmström - European Trade

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.feedback

Reva Goujon - Strategic Forecasting

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 border wall as a national security issue.feedback

Carolyn Fairbairn - Confederation of British Industry

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 sides of the channel about why this access to people and to markets matters.feedback

Kazuhito Yamashita

We may see a battle of trade litigations especially after Trump takes the helm in the U.S.feedback

Kosei Shindo - Nippon Steel & Sumitomo Metal

All trade need to be fair. If there are trades that violate the rules, we will take necessary actions while consulting with our government.feedback

Roberto Azevêdo

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.feedback

Roberto Azevêdo

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.feedback

Carolyn Fairbairn - Confederation of British Industry

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.feedback

Mike Hawes

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 that is tariff-free and avoids the non-tariff and regulatory barriers that would jeopardise investment, growth and consumer choice. Achieving this will not be easy and we must, at all costs, avoid a cliff-edge and reversion to WTO tariffs, which would threaten the viability of the industry.feedback

Richard Mylles

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.feedback

Sean King

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.feedback

Sherrod Brown

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 get tough on these violations before more American workers suffer.feedback

Gregory Husisian

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 cover more products.feedback

Paulo Cesar Silva - Embraer

Canada's subsidies have created serious distortions in the market, in addition to violating current international norms.feedback

Jose Serra

There is no country in the world that doesn't heavily subsidize its aerospace sector.feedback

Philip Hammond

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.feedback

Scott Miller

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.feedback

Liam Fox

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 process in dialogue with the WTO membership.feedback

Edward Alden

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.feedback

Shen Danyang

It's a right that China must enjoy as a WTO member and an obligation that all WTO countries must fulfill.feedback

Tom Enders - Airbus Group

I continue to think that the only way out of the ridiculous series of disputes initiated by the U.S. is to agree on a set of globally applicable rules for the support of the civil aircraft industry, which would benefit both sides of the Atlantic. The duopoly is no longer the framework of reference in the future.feedback

Cecilia Malmström - European Trade

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 the rules, uphold fair competition, and withdraw these subsidies without any delay.feedback

Michael Luttig - The Boeing Company

After any appeal, we fully expect Boeing to preserve every aspect of the Washington state incentives, including the 777X revenue tax rate.feedback

Roberto Azevêdo

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.feedback

Roberto Azevêdo

I think that at this point in time, what we have to do is be ready for a conversation.feedback

Roberto Azevêdo

Trade is not for amateurs. Trade is tough. So we should not pre-judge and jump to conclusions whenever any initiative is launched.feedback

Roberto Azevêdo

I haven't heard, at this point in time, anybody say trade is bad for the United States.feedback

Roberto Azevêdo

I haven't had any indication from anybody that that could be the case.feedback

Geng Shuang

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.feedback

Tao Wang - UBS

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 agreement.feedback

Pascal Lamy - World Trade Organization

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.feedback

Pascal Lamy - World Trade Organization

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.feedback

Roberto Azevêdo

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.feedback

Michael Froman - World Trade Organization

We will aggressively pursue this challenge on behalf of U.S. steelworkers, auto workers, aerospace workers, and the many Americans whose businesses, jobs, and livelihoods depend on the strength of these and other industries.feedback

Roberto Azevêdo

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.feedback

Roberto Azevêdo

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 than done. It will be a tough negotiation.feedback

Sigmar Gabriel

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.feedback

Roberto Azevêdo

The other WTO members arguably could say, I don't like it. We should change this, or we should change that.feedback

Roberto Azevêdo

That may have a positive impact on how the other WTO members view this or not.feedback

Michael Froman - World Trade Organization

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.feedback

Michael Froman - World Trade Organization

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.feedback

Michael Froman - World Trade Organization

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 playing field.feedback

Michael Froman - World Trade Organization

These programs distort Chinese prices, undercut American farmers, and clearly break the limits China committed to when they joined the WTO.feedback

Heidi Heitkamp

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.feedback

Michael Froman - World Trade Organization

We will not stand by when our trading partners fail to follow the rules like everyone else.feedback

Tom Vilsack

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 compete in China on a level playing field. Unfortunately, China's price supports have encouraged wheat, corn and rice production in China that has displaced imports. When China joined the WTO, it committed to limit this kind of trade-distorting support, which it has failed to do. This has resulted in significant losses to American producers. We see substantial opportunities to meet import demand for grains in China if China is willing to operate a WTO-consistent trade regime.feedback

Roberto Azevêdo

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.feedback

Angel Gurria - OECD

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.feedback

Roberto Azevêdo

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 percent of unemployment caused in those countries (U.S. and Europe) is due to those two factors, so trade is a minor component of that.feedback

Angel Gurria - OECD

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.feedback

Angel Gurria - OECD

(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 overcome them.feedback

Roberto Azevêdo

That may lead to the wrong policies and the wrong decisions, as we come to the situation where a new government is in place.feedback

Roberto Azevêdo

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 new anti-trade rhetoric, anti-globalization rhetoric. It doesn't help because it may spell what is to come in terms of policies, so that is definitely bad news.feedback

Roberto Azevêdo

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 forward, in my view, is to face the issue squarely, collaboratively, through dialogue, trying to find sustainable solutions for this and other sectors where over capacity may exist.feedback

Ross Mitchell - Bombardier

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.feedback

Justin Trudeau

Embraer is capable of competing against any companies, but not against the government of Canada.feedback

David Davis

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.feedback

Roberto Azevêdo

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.feedback

Roberto Azevêdo

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.feedback

Roberto Azevêdo

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.feedback

Roberto Azevêdo

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.feedback

Roberto Azevêdo

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 degree of protection or limitation in one sector or another.feedback

Roberto Azevêdo

It is very likely that both the EU and the UK will have to negotiate with all WTO members.feedback

Roberto Azevêdo

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.feedback

Roberto Azevêdo

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.feedback

Maria Korenyuk

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 half of February.feedback

Michael Froman - World Trade Organization

Today's action holds China accountable for unfair taxes that they are imposing on American exports of broiler chicken products.feedback

Johnny Isakson

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.feedback

Maxim Medvedkov - World Trade Organization

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 Russia.feedback

Sergio Cantone - Euronews

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 over his rival for the future office of the Russian presidency, Prime Minister Putin.feedback

Michael Emerson

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.feedback

Dmitry Medvedev

Following our agreements with the United States and now with the European Union, Russia joining the WTO becomes, practically, a reality.feedback

Karel De Gucht - European Union

This WTO panel report clearly shows that Boeing has received huge subsidies in the past and continues to receive significant subsidies today.feedback

Peter Mandelson

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.feedback

Rob Portman

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.feedback

Yan Derocles

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.feedback

Peter Power

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.feedback

Pascal Lamy - World Trade Organization

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.feedback

Dacian Ciolos

Our reform of the CAP is not linked to WTO negotiations, they are two completely different things.feedback

Dacian Ciolos

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, just look at another economic power, the US, and tell me if they are more liberal than the EU on agriculture. Tell me if government support for agriculture in the US is less than in the EU. You'll see that it simply isn't the case. So I think that defining the CAP is a job for Europeans and not for the rest of the world.feedback

Peter Mandelson

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 difficult for them to make a move, but if we do it together, it makes it easier.feedback

Pascal Lamy - World Trade Organization

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 diversification of Russian exports.feedback

Dmitry Sredin - Sberbank

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.feedback

Natalia Marshalkovich

Against the backdrop of the current crisis, we often hear that the current model of globalisation has outlived itself. So why join the WTO?feedback

Pascal Lamy - World Trade Organization

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 developing countries in international trade, the contribution of trade opening, trade expansion to their own development has been astounding.feedback

Pascal Lamy - World Trade Organization

We again found ourselves with conflicting economic developments, portending either a continued crisis or slightly better times ahead.feedback

Roberto Azevêdo

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 have to make an effort in order to reach an understanding, but I think this effort is possible.feedback

Roberto Azevêdo

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 certain group of countries rather than another. That there is a balanced and predictable relationship.feedback

Roberto Azevêdo

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 organization carry on its disciplinary role of international trade if we do not update the fields of work.feedback

Roberto Azevêdo

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 individualized countries. This applies particularly to the poorest countries, that need to open up trade, that need new markets to place their products.feedback

Roberto Azevêdo

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 new rules. The multilateral agreement involves a larger number of countries, so it tends to be somewhat slower, not going to the border, but harmonize everything in a much faster way.feedback

Roberto Azevêdo

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 direction that a particular government is taking.feedback

Roberto Azevêdo

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.feedback

Roberto Azevêdo

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 amount of mechanisms that have been developed in the last 30 years, the same applies in the areas of services or digital economy.feedback

Roberto Azevêdo

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 one country, but in several. However, the opportunities will appear from nowhere, it takes work to identify these opportunities and allow these countries to participate in a more active away in those flows.feedback

Roberto Azevêdo

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.feedback

Peter Mandelson

The EU remains ready to negotiate a balanced, phased agreement to reduce and eventually eliminate subsidies for large civil aircraft production. Taking cases to the WTO is in my view not the appropriate way.feedback

George W. Bush

We are tough negotiators and the reason why is because we want the agreement that we reach to be accepted by our US congress.feedback

Robert Zoellick - World Bank

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.feedback

Dick Roche

Agriculture is a very important industry in Ireland. No fundamentally important industry can be used as bargaining chip.feedback

Benita Ferroro-Waldner

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 on this issue so I'm confident that it will be possible to have WTO accession by the end of the year and thus the way will be open.feedback

Pascal Lamy - World Trade Organization

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.feedback

Pascal Lamy - World Trade Organization

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 system which has provided members with an insurance policy against protectionism over the last sixty years.feedback

Wang Qishan

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 of the WTO Doha Round negotiations, at an early date.feedback

Pascal Lamy - World Trade Organization

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.feedback

Philippe Pegorier

The Russian regulations also hurt our companies and do not meet Russia's commitments to the WTO.feedback

Susan Schwab

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 to face serious problems with market access.feedback

Pascal Lamy - World Trade Organization

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.feedback

Dmitry Medvedev

This result of long and complex talks is good both for Russia and for our future partners.feedback

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