{"id":49358,"date":"2018-06-26T06:30:52","date_gmt":"2018-06-26T14:30:52","guid":{"rendered":"http:\/\/www.cogwriter.com\/news\/?p=49358"},"modified":"2018-06-26T05:39:33","modified_gmt":"2018-06-26T13:39:33","slug":"trade-apocalypse-will-lead-to-the-fulfilling-of-prophecies-in-the-book-of-the-apocalypse","status":"publish","type":"post","link":"https:\/\/www.cogwriter.com\/news\/prophecy\/trade-apocalypse-will-lead-to-the-fulfilling-of-prophecies-in-the-book-of-the-apocalypse\/","title":{"rendered":"‘Trade apocalypse’ will lead to the fulfilling of prophecies in the Book of the Apocalypse"},"content":{"rendered":"

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COGwriter<\/a><\/p>\n

The European Union is working to reform trade rules:<\/p>\n

June 26, 2018<\/p>\n

BEIJING \u2014\u00a0<\/span>As Washington and Beijing teeter on the brink of a possible trade war, the European Union and China have agreed to launch a working group to promote reform at the World Trade Organization. The move is part of an effort to upgrade the global trade system’s toolbox and ward off growing threats to the multilateral trade system and body.<\/p>\n

According to a top EU official, the reform group would look at ways to modernize regulations and address the problem of state subsidies and other unfair trade practices.<\/p>\n

How willing a participant Beijing will be in that effort is unclear as most of the EU\u2019s proposed upgrades are connected to unfair trade measures, practices and policies that exist in China. …<\/p>\n

European Union Vice President Jyrki Katainen admits that the effort to try and promote reform of WTO rules will not be easy. …<\/p>\n

The European Union wants the reform effort to address issues such as industrial subsidies and unfair trade practices such as the forced transfer of technology in exchange for market access.<\/p>\n

\u201cThe two issues together are some of the reasons why, not the only reasons but some of the reasons why the president of the United States is taking unilateral action,\u201d Katainen said, adding that the issue instead has to be solved in an orderly manner.<\/p>\n

The basic idea is to update the WTO so that it is better suited to the current realities of the modern world, he said.<\/p>\n

\u201cThe EU is not siding with any party or any country, the only thing we are siding with is rules-based trade,\u201d Katainen said. https:\/\/www.voanews.com\/a\/eu-china-work-together\/4454868.html<\/a><\/p>\n

Brussels – The global trade war is about to get worse, as the rules-based system of international commerce is poised to revert to an environment where the strong impose their will upon the weak, according to an internal memo circulated among European Union governments. …<\/p>\n

The internal document, a copy of which was obtained by Bloomberg, singles out three main drivers of the upcoming trade apocalypse:<\/p>\n