There's increasing recognition that multilateral trade system has been 'largely resilient,' says WTO
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5K views · 230 reactions | On this day, 26 years ago, the Marrakesh Agreement was signed by more than 100 ministers from around the world. It determined the establishment of the WTO, and marked the biggest reform of international trade after World War II. This was the denouement of the 8-year long Uruguay Round. Today, the WTO represents 98% of global trade flows with 164 members. | World Trade Organization - WTO | Facebook
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WEF chief: Multilateral trading system serves all parties, should be valued Countries in the world are "all on the same boat" and should keep building a multilateral trading system that serves the interests of all, Borge Brende, president of the World Economic Forum, said during an interview. This year marks the 20th anniversary of China's accession to the World Trade Organization (WTO). On this special occasion, Brende said China, as a country known for huge potential for growth, a massive labo
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What can the multilateral system do to address the global debt crisis and ensure equitable access to finance? “We need a multilateral development network that can provide these countries with the financing for the Sustainable Development Goals and the green transition. For that, we need the system to operate at the necessary scale,” says UN Trade and Development Secretary-General Rebeca Grynspan ahead of the Summit of the Future. Full story & interview: https://ow.ly/3HaT50T9xlp #OurCommonFuture
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