European Commission President Ursula von der Leyen has proposed using closer cooperation with Pacific rim countries as a foundation to redesign the World Trade Organization (WTO), citing rising trade tensions and global fragmentation.
Speaking after an EU summit on Thursday, Ursula von der Leyen said the European Union and Pacific countries share a strong interest in structured trade cooperation, which could help revive the struggling WTO.
"The Asian countries want to have a structured cooperation with the European Union and the European Union wants the same," she told reporters. "Therefore, I said that we can think about this as a beginning of redesigning the WTO."
She added that such efforts would "show to the world that free trade with a large number of countries is possible."
Von der Leyen pointed to ongoing cooperation with members of the Comprehensive and Progressive Agreement for Trans-Pacific Partnership (CPTPP), which includes Australia, Canada, Chile, Singapore and others, as a potential model for wider global trade reform.
The WTO has faced growing challenges amid a wave of U.S. tariffs under President Donald Trump and increasing geopolitical rifts that have stalled consensus on trade rules.
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Spanish Prime Minister Pedro Sánchez is on a five-day visit to China, his fourth trip in four years, highlighting Spain’s push to stre...
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Azerbaijani and Armenian civil society representatives have convened for a new round of dialogue under the ‘Peace Bridge’ initiative, a...
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Spanish Prime Minister Pedro Sánchez is on a five-day visit to China, his fourth trip in four years, highlighting Spain’s push to strengthen economic and strategic relations with the world’s second-largest economy.
Nine suspects have been formally arrested over last week’s gun attack near Israel’s consulate in Istanbul, judicial officials have said. The assault left one attacker dead and two Turkish police officers lightly wounded.
Azerbaijani and Armenian civil society representatives have convened for a new round of dialogue under the ‘Peace Bridge’ initiative, as both sides seek to sustain engagement ahead of key political developments in the region.
Hungary’s political landscape is entering a new phase after voters brought an end to the long rule of Prime Minister Viktor Orbán, with analysts pointing to economic discontent and governing fatigue rather than a decisive ideological break.
Hungarians vote in elections on Sunday that could see the end of hard right nationalist Prime Minister Viktor Orbán’s more than 15 year rule. Opinion polls show Orbán’s Fidesz party trailing 45-year-old Péter Magyar’s centre-right opposition Tisza party.
U.S. and Iranian negotiators held their highest-level talks in half a century in Pakistan on Saturday in an effort to end their six-week war, as President Donald Trump said the U.S. military had begun the process of clearing the Strait of Hormuz.
At least 30 people were killed on Saturday in a stampede at Haiti’s Laferrière Citadel World Heritage Site, with authorities warning that the death toll could rise.
Israel has reprimanded Spain’s most senior diplomat in Tel Aviv after a giant effigy of Prime Minister Benjamin Netanyahu was blown up in a Spanish town.
Nine suspects were arrested on Saturday (11 April) in connection with a terror attack targeting a police post in Istanbul’s Beşiktaş district.
Spanish Prime Minister Pedro Sánchez is on a five-day visit to China, his fourth trip in four years, highlighting Spain’s push to strengthen economic and strategic relations with the world’s second-largest economy.
Hungary’s political landscape is entering a new phase after voters brought an end to the long rule of Prime Minister Viktor Orbán, with analysts pointing to economic discontent and governing fatigue rather than a decisive ideological break.
Millions of people in Sudan are surviving on just one meal a day as the country’s worsening hunger crisis pushes communities closer to famine, humanitarian organisations have warned.
U.S. President Donald Trump forcefully criticised Pope Leo XIV late on Sunday in an unusually direct attack on the leader of the global Catholic Church, triggering a backlash from religious leaders and believers worldwide.
Hungary’s veteran nationalist leader Viktor Orbán has lost power to the centre-right Tisza party in Sunday’s national election after 16 years in office, marking a major political shift that has drawn reactions across Europe and the United States.
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