Reed Cavendish Wealth Management - France Ready to Begin WTO Discussions

TAIPEI CITY, Taiwan, September 11, 2018 (Newswire.com) - Reed Cavendish Wealth Management analysts say France has expressed its willingness to enter discussions regarding the future of the World Trade Organization with the United States. French Finance Minister, Bruno le Maire stated that the country would be open to negotiations if the United States stops threats of a trade war.

Le Maire's comments came at the same time as German Chancellor Angela Merkel was due to visit the White House to begin talks in the hope of resolving tensions between the US and the EU over Trump's decision to impose tariffs on metals imports.

The Swiss-based World Trade Organization is responsible for mediating trade disputes that arise between its member countries. Trump claims the WTO does not treat the United States fairly and is too lenient towards China.

Le Maire stated that France is willing to begin discussions with the United States regarding the future of the World Trade Organization and its trade system. He added that these talks could only begin when the uncertainty regarding import tariffs was no longer an issue.

Martin Godwin, Head of Corporate Equity at Reed Cavendish Wealth Management says French President Emmanuel Macron has called upon Trump to permanently exempt France and the rest of the European Union from the tariffs on steel and aluminum so that discussions on the World Trade Organization and its policies can begin.

While Macron has stated that there is a strong need to establish a new multilateral trade system, Reed Cavendish Wealth Management analysts say that Trump has voiced concerns over existing multilateral systems based on the belief that they restrict US power.

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Source: Reed Cavendish Wealth Management