‘EU to Push for G20 Summit to Support WTO Reform’
The European Union is pressing for getting changes and more influence over international trade:
EU to Push for G20 Summit to Support WTO Reform
November 27, 2018
BRUSSELS —
Global trade tensions are putting at risk commitments by the Group of 20 leading economies to keep markets open, European Union delegates to the G20 said, pledging to help reform World Trade Organization rules to resolve the strains.
G20 leaders meet on Friday and Saturday in Buenos Aires with the escalating trade dispute between the United States and China likely to top the agenda.
The chairman of EU leaders’ meetings Donald Tusk and the head of the European Commission, the EU’s executive arm, Jean-Claude Juncker will represent the 28-nation bloc at the summit.
“The outlook ahead of the summit is rather bleak. The rules-based international order is under increasing strain and global trade tensions remain unresolved, thereby negatively affecting the global economic outlook,” Tusk and Juncker said.
“We, therefore, want to focus our attention on convincing our partners that there is no better alternative than a coordinated multilateral cooperation,” they said in a letter to other EU leaders.
The United States and China have been imposing tariffs on each other’s goods in a dispute over market access, forced technology transfer, intellectual property rights and state subsidies to certain sectors that distort competition.
The EU, Canada and Japan are also involved because of U.S. tariffs on steel and aluminum products imposed by Washington earlier this year.
WTO rules had to be adapted to new global challenges, such as industrial subsidies, forced technology transfer and other market-distorting policies, the EU letter said.
The G20 summit should also aim to help end the blockage of appointments by the United States to the WTO’s body for settling disputes and halt the escalation of unilateral measures and countermeasures by the world’s two biggest economies.
President Donald Trump has brought the world’s top trade court to the brink of collapse by refusing to endorse new judges. From December 2019 there will be only one judge left, making it impossible for the WTO to issue final appeal rulings.
“The longstanding G20 commitments to keep markets open, to fight protectionism and support the multilateral trading system, risk becoming empty words,” the letter said.
The EU, which published proposals on Monday for WTO reform, would promote changes to the body’s three functions: negotiating, monitoring and dispute settlement to “tackle the root causes of the tensions”, it said.
The EU wants concrete progress at WTO trade discussions in Geneva by the time G20 meets again in Japan in June 2019. https://www.voanews.com/a/eu-to-push-for-g20-summit-to-support-wto-reform/4675848.html
The EU is moving to fill voids that the USA is causing. Notice also the following from a couple of months back:
31 August 2018
Trump threatens to pull US out of World Trade Organization
President Donald Trump has threatened to withdraw the US from the World Trade Organization (WTO), claiming it treats his country unfairly.
“If they don’t shape up, I would withdraw from the WTO,” Mr Trump said in an interview with Bloomberg News. …
US Trade Representative Robert Lighthizer has also accused the WTO of interfering with US sovereignty. …
China’s commerce ministry has said it “clearly suspects” the US of violating WTO rules.
An initial complaint at the WTO was filed by China in July after Mr Trump imposed his first round of tariffs. …
The WTO is at the heart of the system of rules for international trade. It is the forum for sorting disputes between countries about breaches of global trade rules and for negotiating new trade liberalisation.
The EU, meanwhile, is trying to steer the US towards reforming the WTO rather than abandoning it.
Bernd Lange, chair of the European Parliament’s trade committee, told Politico magazine that it would submit plans to overhaul the organisation in September. https://www.bbc.com/news/world-us-canada-45364150
The USA is giving the Europeans an unprecedented opportunity to write the rules for international trade. This is one of the ‘unintended consequences’ of Donald Trump’s trade policies and statements.
While the EU has cow-towed to the USA to some degree related to sanctions and Iran, the Bible shows that Europe, for a prophesied time at least, will eventually ‘win’ the trade war. Donald Trump’s approach is helping the Europeans by giving them more credibility as the USA is getting less credibility with many of the nations it trades with (as well as those it sanctions).
As I wrote this past Summer (see ‘Trade apocalypse’ will lead to the fulfilling of prophecies in the Book of the Apocalypse), to avert what has been called a ‘trade apocalypse,’ Europe wants to rewrite the rules for international trade.
Essentially Europe will dominate the WTO or perhaps instead establish or become an important near equivalent.
That is consistent with warnings in the Book of the Apocalypse, more commonly referred to these days as the Book of Revelation. That book teaches about an end time European power:
2 … Babylon … 3 For all the nations have drunk of the wine of the wrath of her fornication, the kings of the earth have committed fornication with her, and the merchants of the earth have become rich through the abundance of her luxury. (Revelation 18:2,3)
The above is referring to the fact that nations of the world are prophesied to get wealthy trading with end time Babylon, which will be a European entity. This European power will have religious ties to the City of Seven Hills–the Church of Rome:
1 Then one of the seven angels who had the seven bowls came and talked with me, saying to me, “Come, I will show you the judgment of the great harlot who sits on many waters, 2 with whom the kings of the earth committed fornication, and the inhabitants of the earth were made drunk with the wine of her fornication.” (Revelation 17:1-2)9 Here is the mind which has wisdom: The seven heads are seven mountains on which the woman sits. … 18 And the woman whom you saw is that great city which reigns over the kings of the earth.” (Revelation 17:9,18)
The Bible tells of a trading power arising in Europe that is tied to the City of Seven Hills. Europe, the United Nations, and the Vatican have stated that they have agreed on essentially the same future for the world. Now, Europe is getting an opportunity to better mold trade in its image–with its standards and, at least indirectly, its control.
Back in 1971, the old Worldwide Church of God (WCG) published the following:
Momentous, historic events are transforming Western Europe. But most Americans are “asleep at the switch” to what is happening. It’s time for a self-centered America to wake up – before her allies become her enemies. Envision the startling future of Western Europe. A … union of perhaps 250 million people, surpassing both the United States and the Soviet Union in economic strength, possessing for the first time worldwide political power and influence. One news source recently called it an “enormous, physically powerful beast.” A new Western Europe controlling perhaps half of all world trade, by exclusive arrangements with dozens of nations who produce raw materials. A “United States of Europe” possessing one single currency – a currency so strong that it will replace the U. S. dollar as the kingpin currency of world trade.(Hogberg G.EUROPE’S COMMON MARKET RISING WORLD COLOSSUS. Plain Truth, 1971)
Now, Europe does have its own currency–a currency that some see as the logical replacement for the US dollar for world trade–especially because of US sanctions, etc. (see also SWIFT end of the USA by 2025 as EU, Russia, China, and Iran take steps?). Now, let me add that less than a decade after the above was published, the WCG publicly announced that Eastern Europe would also be part of this European power. And within a decade of that, Eastern European nations began to officially join in with what has become the European Union. And, in population (over 510 million), the European Union is actually larger than that of the USA and Russia combined (though once the UK is out, it will be a bit smaller–yet other nations want to become part of it).
The prophesied European power will be able to dominate world trade by developing/writing/controlling many of the rules for international trade and the world’s largest market.
With more and more of the world upset by US President Donald Trump, Europe is seizing an opportunity–an opportunity that will result in it fulfilling various end time prophecies.
In December 2017, I warned in my article (and sermon 18 items to prophetically watch in 2018), 18 items to prophetically watch in 2018, that trade was an area to watch. In 2018, it certainly has been.
Others can now see how Europe may rise economically and dominate trade as the USA fades from dominance.
Trade will be a factor in what can be called World War III.
As far as trade and our prophetic teachings go, here is a link to our video: Trade Disputes: CCOG Warnings Are Coming to Pass.
Some items of possibly related interest may include:
Trade Disputes: CCOG Warnings Are Coming to Pass Trade tensions and talks of trade wars have escalated. US President Donald Trump has put Europe, China, Mexico, and other lands on notice that he wants to change how international trade with the USA has been going. Tariffs, retaliatory tariffs, and even more tariffs are being implemented. Is this all just happenstance? Are we yet in a trade war? What will Europe do? Has the Church of God been warning about trade disputes and a coming trade war for decades? What about the Continuing Church of God (CCOG)? What has been warned, what has been happening, and what will happen? Will trade disputes be a factor in World War III (WW3)? Dr. Thiel explains what has been taught and what to expect.
Trade Wars: Are COG warnings coming to pass? Trade issues, tariffs, and talk of trade wars are in the news. Can trade wars lead to World War III like they did to World War II? Are the events going on with the USA, UK, Asia, and Europe consistent with warnings published by the true Church of God (COG) over the past several years and decades? Do Germany and China hope to take advantage of trade frictions involving the Trump Administration and the Trans-Pacific Partnership agreement? What about Mexico and South America? Does the Bible teach that Europe will become a major trading power? Will the final European Babylonian trading power be destroyed? Dr. Thiel addresses these issues and more in this video.
18 items to prophetically watch in 2018 Much is happening. Dr. Thiel points to 18 in this article. Here is a link to a related sermon: 18 items to prophetically watch in 2018.
Donald Trump and Mexico’s future Mexico has increasingly been in the news because of statements and policies of US President Donald Trump. Many in Mexico are not intending to sit back and accept whatever Donald Trump attempts to force them to do. What will happen to Mexico? Will it make trade deals with Europe? Will it ultimately go to was against the USA? Will the Mexican economy drop at times and then improve? Dr. Thiel answers these questions and more in this video.
US Dollar being challenged by Gold-Petro-Yuan The US dollar has been the world’s primary reserve currency for decades. Is this about to change? What is going on with the Chinese yuan and oil and gold? What do the BRICS nations want? What did Venezuela do? Do the Europeans want to dislodge the US dollar as the world’s primary reserve currency? Does US debt play any role? Does the Bible tell us what will happen to the USA and its dollar? What happens if the USA loses its status? Will gold outlast the US dollar? Dr. Thiel addresses those issues and more in this video.
Gentile Cryptocurrency Proposal Two Russian leaders have called for a BRICS-wide and/or EAEU-wide cryptocurrency. This is hoped to be used to replace the US dollar for international trade. BRICS stands for Brazil, Russia, India, China, and South Africa. The BRICS nations represent 3.6 billion people. The EAEU includes Russia, Armenia, Belarus, Kazakhstan, and Kyrgyzstan. Will Gentiles rise up? Are there any prophetic ramifications of what these nations are looking to do? This is a video.
World War III: Steps in Progress Are there surprising actions going on now that are leading to WWIII? Might a nuclear attack be expected? Does the Bible promise protection to all or only some Christians? How can you be part of those that will be protected? A related video would be Is World War III About to Begin? Can You Escape?
Will the Interfaith Movement Lead to Peace or Sudden Destruction? Is the interfaith movement going to lead to lasting peace or is it warned against? A video sermon of related interest is: Will the Interfaith Movement lead to World War III? and a video sermon is also available: Do You Know That Babylon is Forming?
How To Determine If Someone is a True Prophet of God There are many false prophets. How can Christians determine who is a true prophet? There is also a sermon-length video titled How to determine if someone is a true prophet of God. Here is a related link in Spanish/español: ¿Cómo determinar si alguien es un verdadero profeta de Dios?
Is God Calling You? This booklet discusses topics including calling, election, and selection. If God is calling you, how will you respond?
Christian Repentance Do you know what repentance is? Is it really necessary for salvation? A related sermon is also available titled: Real Christian Repentance.
Who is the King of the North? Is there one? Do biblical and Roman Catholic prophecies for the Great Monarch point to the same leader? Should he be followed? Who will be the King of the North discussed in Daniel 11? Is a nuclear attack prophesied to happen to the English-speaking peoples of the United States, Great Britain, Canada, Australia, and New Zealand? When do the 1335 days, 1290 days, and 1260 days (the time, times, and half a time) of Daniel 12 begin? When does the Bible show that economic collapse will affect the United States? In the Spanish language check out ¿Quién es el Rey del Norte? Here is a link to a video titled: The Future King of the North.
Does God Have a 6,000 Year Plan? What Year Does the 6,000 Years End? Was a 6000 year time allowed for humans to rule followed by a literal thousand year reign of Christ on Earth taught by the early Christians? Does God have 7,000 year plan? What year may the six thousand years of human rule end? When will Jesus return? 2026 or 20xx? There is also a video titled 6000 Years: When will God’s Kingdom Come? Here is a link to the article in Spanish: ¿Tiene Dios un plan de 6,000 años?
When Will the Great Tribulation Begin? 2018, 2019, or 2020? Can the Great Tribulation begin today? What happens before the Great Tribulation in the “beginning of sorrows”? What happens in the Great Tribulation and the Day of the Lord? Is this the time of the Gentiles? When is the earliest that the Great Tribulation can begin? What is the Day of the Lord? Who are the 144,000? Here is a version of the article in the Spanish language: ¿Puede comenzar la Gran Tribulación en 2018 o 2019? ¿Es el Tiempo de los Gentiles? You can also see the English language sermon videos: The Great Tribulation from the Mount of Olives and Can the Great Tribulation begin before 2020? A shorter video is: Can the Great Tribulation begin in 2018?
The Times of the Gentiles Has there been more than one time of the Gentiles? Are we in it now or in the time of Anglo-America? What will the final time of the Gentiles be like? A related sermon is available and is titled: The Times of the Gentiles.
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Must the Ten Kings of Revelation 17:12 Rule over Ten Currently Existing Nations? Some claim that these passages refer to a gathering of 10 currently existing nations together, while one group teaches that this is referring to 11 nations getting together. Is that what Revelation 17:12-13 refers to? The ramifications of misunderstanding this are enormous. A related sermon is titled Ten Kings of Revelation and the Great Tribulation.
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Donald Trump and America’s Apocalypse This 188 page book is for people truly interested in prophecies related to Donald Trump and the United States, including learning about several that have already been fulfilled and those that will be fulfilled in the future. The physical book can be purchased at Amazon for $12.99 from the following link: Donald Trump and America’s Apocalypse.
Donald Trump and America’s Apocalypse-Kindle Edition This electronic version of the 188 page print edition is available for only US$3.99. And you do not need an actual Kindle device to read it. Why? Amazon will allow you to download it to almost any device: Please click HERE to download one of Amazon s Free Reader Apps. After you go to for your free Kindle reader and then go to Donald Trump and America’s Apocalypse-Kindle Edition.
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