Wang Shouwen, Deputy Minister of Commerce and Deputy Representative of International Trade Negotiations, attended a high-level seminar to commemorate the 25th anniversary of the establishment of the WTO
On the evening of November 19, Beijing time, the WTO held a high-level seminar to commemorate the 25th anniversary of the establishment of the WTO in Geneva, Switzerland. Ministers or representatives of 6 members including China, the United States, the European Union, Rwanda, Singapore, and Jamaica Invited to participate in the conference via video. Wang Shouwen, Vice Minister of Commerce and Deputy International Trade Negotiation Representative, attended the meeting and participated in the discussion.
Participants reviewed the development history of the WTO, affirmed the WTO’s achievements in promoting trade liberalization and facilitation and solving global poverty issues, pointed out the WTO’s problems and deficiencies, Its future improvement plan puts forward specific suggestions.
Wang Shouwen said that since the establishment of the WTO, international trade has grown significantly, people’s living standards have been greatly improved, and developing members and the least developed countries have accelerated their integration into the global value chain, providing a strong impetus for world economic growth. It has made important contributions to promote the realization of global sustainable development. Since China’s accession to the WTO, it has effectively fulfilled its accession commitments and proactively expanded its opening up. It has become a major trading partner of more than 120 countries and regions. It has been the largest export destination of least developed countries for many years and an active participant in the multilateral trading system. , A firm defender and an important contributor.
Wang Shouwen said that the current spread of the new crown pneumonia epidemic and the rise of unilateralism and protectionism, the WTO is facing an unprecedented survival crisis. In order to help the WTO get out of the predicament, members should appoint a new director-general as soon as possible, resume the normal operation of the appeal body, and strive to achieve positive results in negotiations on fishery subsidies, investment facilitation, and e-commerce. China is willing to work with other members to promote the sound operation of the WTO’s various functions and play a greater role in global economic governance. As a developing member, China is willing to continue to assume responsibilities consistent with its own development level and capabilities in the WTO, and help other developing members better integrate into the global value chain and benefit from the multilateral trading system.
Source:World Trade Department, Ministry of Commerce
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