G-7 trade ministers to discuss WTO reform

New Delhi, May 27 (UNI) Trade ministers from the Group of seven industrialized nations are set to hold a two-day online meeting from Thursday to discuss ways to reform the World Trade Organization.

Britain, which holds this year’s G-7 presidency, will use the conference to push for a fully-functioning dispute settlement system, to tackle unfair industrial and agricultural subsidies, to modernize WTO regulations and promote digital and green trade.

International Trade Secretary Liz Truss will push for collective G7 support for creation of rules governing digital and data trade and making international trade greener, a UK government press release said.

This week’s trade meeting provides an opportunity to push for G7 support for sustainable supply chains, a crucial aspect of the UK’s commitment to promoting greener trade, ahead of the COP26 Summit in November.

During the meeting the Secretary Truss will also call for collective action to boost production and distribution of COVID-19 vaccines and medical goods, it said.