Beijing, China, 24 March 2018 : “Most of us in this room have believed for a long time that, wherever we are on this planet, economic development leads to appease political tensions. That good economies and good politics go together. And now, looking at recent developments, there are reasons to doubt that this remains true: […]
The former chief of the World Trade Organization, Pascal Lamy, believes Taiwan’s best hope for coping with a potential US-China trade war is to protect the multilateral trading system. In Taiwan for an international conference, Lamy warned that Taiwan’s most vulnerable exports were those that ended in the US after being processed in third countries.
Pascal Lamy says that Taiwan is a major player in global trade and it could be a risk if the multinational trading system fails.
About the potential trade war between China and the United States, Pascal Lamy says that Taiwan has good reasons to be worried because it’s depend more on the multilateral trading system.
Pascal Lamy, former director of the World Trade Organization, says that Taiwan need to pay more intention to relevant global regulations.
The Point with Liu Xin has interviewed Pascal Lamy, former director-general of the World Trade Organization (WTO), to find out his opinions on the possibility of a trade war between China and the US, the rationale behind Donald Trump’s trade restrictions, and WTO’s role in addressing global economic concerns.