IMF, WTO argue for open trade, more aid for displaced workers

Washington

GLOBAL trade has brought benefits from increased productivity to lower prices but governments have not adequately helped workers and communities hit hard by imports, the world's top multilateral economic institutions said on Monday.

In a report that serves as their answer to the Trump administration's more protectionist trade stance, the International Monetary Fund, World Trade Organization and World Bank said that an open trading system based on well-enforced rules was critical to world prosperity.