Wto Members: Wto Reform

wto members: Improving the organization's system for resolving disputes was one of the issues raised at the meeting in Tsukuba, Ibaraki Prefecture, according to The Japan Times. We agree that action is necessary regarding the functioning of the dispute settlement system consistent with the rules as negotiated by the WTO members, the statement said. We will work constructively with other WTO members to undertake necessary WTO reform with a sense of urgency, the statement said. ; Hiroshige Seko, minister of economy, trade and industry, said that it is significant that specifics concerning WTO reform were included in a G20 ministerial statement for the first time. Foreign Minister Taro Kono said it was a big feat for Japan, which places importance on this issue, that the need to address the system was explicitly mentioned in the statement. The body dealt Japan a setback earlier this year when it overturned an earlier decision against South Korea's ban on imports introduced in the wake of the 2011 Fukushima nuclear disaster of some fish products from Japan. Tokyo argues that the organization's appellate body, which makes final judgments, does not effectively settle disputes and has called for change. (news.financializer.com). As reported in the news.