Get Tough on China or Risk Losing Control of Global Trade, UK Tells G7
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SpanishFrom Epoch Times:
LONDON—Britain will on Wednesday push G7 allies to get tough on China over “pernicious practices” that undermine the international trading system, calling for an overhaul of outdated and ineffective World Trade Organization rules. Trade minister Liz Truss will host her G7 counterparts and the new head of the WTO, using Britain’s platform as current president of the group of rich countries to promote post-Brexit Britain as a leading free trade advocate. “This is the time to get tough on China and their behavior in the global trading system, but also modernize the WTO. In many ways it’s stuck in the 1990s,” she told the Financial Times in an interview. Since leaving the European Union and pinning its economic future on global trade, Britain has stepped up criticism of China’s trade practices. “People cannot believe in free trade if it is not fair,” Truss said in a statement before the meeting. …
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