“Speaking directly, the WTO rules today simply do not work. In 2012, we entered this wonderful, important, as it seemed, organization, but we, apart from feeling like members of this organization, unfortunately, did not see any serious preferences and, especially, did not see any economic results, ” - RIA Novosti quotes him.
Along with this, he expressed the view that, given the current situation in the world, freedom of trade is mainly affected by specific agreements that are signed between trade alliances or countries.
As an example, Manturov cited the free trade agreement between the EAEU and the Vietnamese authorities, which allowed to increase trade between Russia and Vietnam from $ 180 million in the early 2000s to $ 6 billion in 2018.
Earlier, Russian Minister of Economic Development Maxim Oreshkin announced the "deplorable state" of the WTO.
In late August, the White House reported that the United States, together with partners from the G7, would advocate for the reform of the WTO.