CLEAN : WTO "must change" but "we all want it to succeed": US Trade Envoy

The transcript discusses the need for reform within the World Trade Organization (WTO), highlighting the gap between its current state and its ambitious goals. It emphasizes the importance of revitalizing the WTO's negotiating function and creating a more flexible organization to address global trade challenges. The discussion underscores the value of the WTO as a forum for proposing ideas to improve multilateral trade rules and promote a fairer, more inclusive global economy.

What is the main reason for the call to reform the WTO according to the first section?

• Trade ministers are satisfied with the WTO's performance.

• The WTO has achieved all its goals.

• The current state of the WTO does not match its ambitious goals.

• The WTO has been too quick to adapt to global changes.

What criticism is mentioned about the WTO in the second section?

• It is too inclusive.

• It is too transparent.

• It is insulated from reality.

• It is too quick to recognize global developments.

What is essential for revitalizing the WTO's negotiating function?

• Reducing the number of trade agreements.

• Concluding more bilateral agreements.

• Increasing the number of trade ministers.

• Bringing vitality back to the negotiating function.

Which of the following is NOT mentioned as a step to reform the WTO in the final section?

• Creating a more flexible WTO.

• Improving transparency and inclusiveness.

• Increasing the number of trade ministers.

• Restoring the deliberative function.

Why is the WTO considered important according to the final section?

• It helps in promoting a fairer global economy.

• It focuses solely on bilateral trade agreements.

• It has no role in multilateral trade rules.

• It is not recognized by any trade ministers.