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WTO Reform: Better Rules for US Businesses and Workers

The US Senate calls for reforms to the World Trade Organization (WTO) to better protect the interests of American businesses, farmers, and workers. The goal is to streamline international trade, ensure fair competition, and resolve trade disputes more quickly. These changes aim to help access foreign markets and protect against unfair practices.
Key points
Support for US businesses and farmers by facilitating access to foreign markets.
Strengthening trade dispute resolution rules to be faster and fairer.
Introducing new rules on unfair trade practices, such as state subsidies and forced technology transfer.
Ensuring special trade treatment is reserved only for countries genuinely needing support, not for developed economies.
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Additional Information
Print number: 117_SRES_101
Sponsor: Sen. Portman, Rob [R-OH]
Process start date: 2021-03-09