WTO: Reform Endorsed by APEC Leaders

Asia Pacific leaders and economic ministers endorsed reform of the World Trade Organization is their final statements emerging from the Asia Pacific Economic Cooperation meetings in San Francisco.

As the United States wrapped up its APEC host year, Asia Pacific ministers also stressed the importance to the global trading system of a successful WTO 13th ministerial meeting in February.

“We are committed to necessary reform of the WTO to improve all of its functions, including conducting discussions with a view to having a fully and well-functioning dispute settlement system accessible to all members by 2024,” according to the 2023 APEC leaders’ Golden Gate Declaration.