ECONOMY

Kremlin says WTO’s existence would be in doubt if US, others left

The Kremlin made the comment in response to a question about US media reports which said Trump had threatened to pull out of the WTO. (File photo: AFP)

The Kremlin said on Wednesday that the existence of the World Trade Organization (WTO) would be in serious doubt if major economies such as the United States left it, a prospect raised a day earlier by US President Donald Trump.

The Kremlin made the comment in response to a question about US media reports which said Trump had threatened on Tuesday to pull out of the WTO over what he described as the organization’s unfair treatment of the United States.

“It is obvious that the existence of keystone international economic organizations (like the WTO) would be called into serious question after the exit of the biggest economies on earth,” Kremlin spokesman Dmitry Peskov told reporters on a conference call.

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Last Update: Wednesday, 14 August 2019 KSA 14:42 - GMT 11:42
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