London — Britain calls on G7 allies on Wednesday to tighten China over “harmful practices” that undermine the international trading system and to review the rules of the outdated and ineffective World Trade Organization.
Trade Minister Liz Truss and G7 counterparts are using the UK platform as the current president of a group of rich countries to promote Britain as a major free trade advocate after Brexit. We welcome a new head of the WTO.
“It’s time to modernize the WTO while suffering from China’s actions in China and the world trade system. In many ways, it’s stuck in the 1990s,” she told the Financial Times in an interview.
Since leaving the European Union and fixing its economic future to world trade, Britain has increased its criticism of China’s trade practices.
“If free trade is not fair, people cannot believe in free trade,” Truss said in a pre-meeting statement.
“Public trust has been compromised by harmful practices, from the use of forced labor to the deterioration of the environment and the theft of intellectual property.”
Broader relations between London and Beijing have deteriorated in recent months, with bitter struggles for reversal sanctions on China’s human rights records and reforms to the rule of the former British colony Hong Kong.
Britain and other WTO members claim that China has benefited from exceptions to rules enacted decades ago and no longer reflects its status as an economic powerhouse.
“The WTO was established when China was 10 percent of the US economy,” Truss told FT. “It’s ridiculous that it still self-designates as a developing country — and those rules need to change.”
Other G7 allies, including US President Joe Biden, agree on the need to reform the WTO and address the need to oppose Communist China’s ambitions for global domination. The problem is finding a solution that all parties agree on.
Truss said that unless the WTO is reformed, countries will find other frameworks for trade, reflecting the fear of many Western nations to lose control of the international order over the post-WWII Chinese regime. Stated.
This month’s strategic review of UK foreign policy focuses on the need to gain more influence in the Indo-Pacific to balance the Chinese administration, with its prestigious leadership and economic power in the UK economy. He explained that it is the biggest national threat to security.
The ministers will be joined by the recently elected WTO Chief Ngozi Okonjo-Iweala, who inherited the organization struggling to enforce and modernize its rulebook.