Pakistan Today

WTO chief calls for restraint and urgent dialogue among members

Brazil's ambassador to the WTO, Roberto Azevedo, gestures during a press confrence following his earing on his bid to become the new World Trade Organization (WTO) director general on January 31, 2013 at the World Trade Organization (WTO) headquarters in Geneva. WTO is interviewing nine candidates to replace Pascal Lamy as director general. The WTO's 158 member countries is to make its decision known by May 31. AFP PHOTO / FABRICE COFFRINI (Photo credit should read FABRICE COFFRINI/AFP/Getty Images)

World Trade Organization (WTO) Director-General Roberto Azevedo on Friday called for restraint and urgent dialogue among members as the best path forward to resolve problems.

“I encourage members to continue working through the WTO’s many forums and mechanisms to deal with their concerns and explore potential solutions,” said Azevedo in a written statement.

He warned that “actions taken outside these collective processes greatly increase the risk of escalation in a confrontation that will have no winners, and which could quickly lead to a less stable trading system”.

Disrupting trade flows will jeopardise the global economy at a time when economic recovery, though fragile, has been increasingly evident around the world, he added.

Exit mobile version