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Senate Finance Committee Holds Hearing on WTO

On Wednesday, July 29th, the U.S. Senate Finance Committee held a hearing on the World Trade Organization (WTO). Most of the discussion was on the pros and cons of the international trade commission and its dispute resolution service. It also covered ideas on how to modernize and improve the functionality of the organization for the United States and the global community. Much of the discussion revolved around the priorities of the WTO and the status of China and other nations that receive special treatment as developing nations despite their strong economic output. Policy leaders in Washington are largely supportive of the trade organization, but they are also calling for significant reforms to modernize and improve the body.

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