The comments made by Liz Truss, the Secretary of State for International Trade, on 26 May 2021.
It really is now or never for the World Trade Organization. International trade only works when it is fair and when countries submit themselves to a common set of rules, and for that to happen we need a more modern and dynamic WTO.
We want to use our G7 Presidency to address the fundamental issues facing global trade, and support Dr Ngozi in her work to bring the WTO into the twenty-first century. Like-minded democracies need to lead the charge on trade reform, because if we don’t then there is a very real danger that global trade fragments and that fewer countries end up playing by the rules.