BREAKING NEWS

BREAKING NEWS

Global trade system could be harmed without action - WTO's Azevedo

Global trade system could be harmed without action - WTO's Azevedo
Roberto Azevedo, Director-General of the World Trade Organization (WTO) attends the launch of the World Trade Report 2018 in Geneva, Switzerland, October 3, 2018. REUTERS/Denis Balibouse -
Copyright
DENIS BALIBOUSE(Reuters)
Text size Aa Aa

LONDON (Reuters) - Severe damage could be done to the multilateral trading system unless political steps are taken to solve a "serious" crisis in global trade, Roberto Azevedo, director-general of the World Trade Organisation, said on Wednesday.

"Without action to ease tensions and recommit to cooperation in trade, we could see serious harm done to the multilateral trading system. And ... the long term economic consequences of this could be severe," Azevedo said in remarks to a dinner in London, without referring directly to the United States and China which have been involved in an escalating trade dispute.

(Reporting by Kylie MacLellan; writing by Alistair Smout; Editing by Leslie Adler)

euronews provides breaking news articles from reuters as a service to its readers, but does not edit the articles it publishes. Articles appear on euronews.com for a limited time.