REUTERS: Amid global trade strains, Norway aims to address concerns over WTO




April 16th, 2018 | By Gwladys Fouche – 

Norway is leading informal talks to tackle issues “paralyzing” the World Trade Organisation, its foreign minister said, outlining an attempt to defend the rules-based trading system against a rising threat from protectionism.

Non-EU Norway, a country of 5.3 million whose export-oriented economy has benefited from an open world economy for decades, sees the undermining of the world liberal order as one of the most pressing challenges facing it today.

World trade policy is in turmoil after U.S. President Donald Trump’s imposition of tariffs on imports of steel and aluminum last month, triggering tit-for-tat reactions from China and the EU. Trump has accused the WTO of being biased against the world’s largest economy.

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