Okonjo-Iweala: WTO must reform transparency rules that lack bite

The World Trade Organization must update its transparency rules because they are not as “biting” as initially intended, WTO Director-General Ngozi Okonjo-Iweala said on Monday. The U.S. has long complained about members not living up to transparency commitments and failing to file notifications in a timely manner, a stance that culminated in the Trump administration’s 2017 proposal that the WTO impose punitive measures on members that are lax in their notifications. The proposal failed to garner widespread support. Okonjo-Iweala did...