Ursula von der Leyen, the head of the European Commission, has suggested the initiation of a European-led effort to foster organized trade collaboration with Asian nations, possibly paving the way for a substitute for the stagnant World Trade Organization (WTO).
Source: https://www.euronews.com/my-europe/2025/06/27/von-der-leyen-touts-eu-led-alternative-to-mired-wto