APEC ministers pledge WTO reforms, restoring dispute settlement

SAN FRANCISCO (Reuters) – Trade and foreign ministers from Asia Pacific Economic Cooperation countries on Friday pledged support for reforming the World Trade Organization, including restoring its dispute settlement function.

In a joint statement issued at the end of a leaders’ summit in San Francisco, they said that to ensure the “vital role” of the WTO, “we support necessary reform to improve all of the WTO’s functions, so that members can better achieve the WTO’s foundational objectives and address existing and emerging global trade challenges.”

(Reporting by David Lawder; Editing by Chris Reese)