Speaking at the 10th China Business Conference held at the US Chamber of Commerce in Washington DC on 1 May, Deputy Director-General Alan Wolff said that all benefit from the existence of the multilateral trading system, not least the United States and China, and other major trading partners. He highlighted that WTO rules have a better track record of enduring than a solely bilateral understanding but stressed that “securing new rules with broad acceptance is imperative in order to underpin more stable trading relations for all concerned”. This is what he said.
