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Thailand urges ASEAN to restore WTO multilateral system

Thai media said on March 19 that the country is convincing other ASEAN member states to promote and restore the World Trade Organisation (WTO)’s multilateral system of settling disputes.
Thailand urges ASEAN to restore WTO multilateral system ảnh 1Thailand is convincing other ASEAN members to promote and restore WTO multilateral system. Illustrative image
(Photo: bangkokpost.com)

Bangkok (VNA) – Thai media said on March 19 that the country isconvincing other ASEAN member states to promote and restore the World TradeOrganisation (WTO)’s multilateral system of settling disputes.

Director-general of the Trade Negotiations Department Auramon Supthaweethumsaid that as the ASEAN Chair this year, Thailand will make the proposal at the2nd ASEAN senior meeting scheduled in Vientiane, Laos from April4-7.

The appellate body is a seven-member group that functions as the WTO’s highestadjudicator. Each member serves a four-year term, with the possibility of aone-time renewal.

Auramon said that trade tension has erupted in recent years, with manycountries applying protection measures on a bilateral basis. This is achallenge for the WTO, which was established to promote the principles of fairtrade, liberalisation and transparency.-VNA
VNA
#Thai media #ASEAN member states #World Trade Organisation (WTO) #multilateral system #settling disputes #ASEAN Chair #seven-member group #protection measures #principles of fair trade #liberalisation #transparency #Vietnam News Agency #Vietnamplus Thailand
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