The Director-General joined Kenya’s Minister of Foreign Affairs, Amina Mohamed, at the WTO’s Fifth Global Review of Aid for Trade to discuss the 10th Ministerial Conference (MC10), which will take place in December. Minister Mohamed will chair MC10, the first to be held on the African continent.
The Director-General highlighted the importance of securing outcomes on development issues in Nairobi, describing it as an “acid test of our success”.
“This ministerial conference will be our first opportunity since our successful meeting in Bali in 2013 to show that the multilateral trading system can deliver negotiated outcomes — particularly for the poorest and the most marginalised,” he declared.
“I think there is a real sense of expectation out there,” he added, citing a recent global survey which found that African respondents had the most positive views on world trade. “Let’s reward that faith.”
Since the creation of the WTO in 1995, around two-thirds of poverty reduction has come from economic growth in developing countries, with trade serving as a major engine for that growth. But more needs to be done, the Director-General said, particularly on the negotiating front, where the WTO “has struggled to deliver”. Read more. Source | World Trade Organisation