Current location:politics >>
China strong supporter of multilateral trading system, says WTO director
politics1People have gathered around
IntroductionThe World Trade Organization's (WTO) Director-General Ngozi Okonjo-Iweala speaks at the WTO's 12th M ...
The World Trade Organization's (WTO) Director-General Ngozi Okonjo-Iweala speaks at the WTO's 12th Ministerial Conference (MC12) in Geneva, Switzerland, June 15, 2022. (WTO/Handout via Xinhua)
The director-general called on WTO members to strengthen the multilateral trading system. "It is not a time to decouple into different trading blocs and we should avoid protectionist measures," she said.
GENEVA, April 10 (Xinhua) -- China has been a strong supporter of the multilateral trading system, and as a critical economy for the world, China's role in the free and open trading system is very important, said World Trade Organization (WTO) Director-General Ngozi Okonjo-Iweala in a recent exclusive interview with Xinhua.
Okonjo-Iweala said WTO's 12th Ministerial Conference (MC12) held in June 2022 was successful and "China played a very important role in that."
The 13th Ministerial Conference (MC13) will be held in February 2024, and "we hope it will be equally successful, but it will need every single WTO member, including China, to work together," she added.
Underpinned by WTO rules, the multilateral trading system has delivered very well for the world, said the director-general.
A logo of the World Trade Organization (WTO) is seen in Geneva, Switzerland, on April 5, 2023. (Xinhua/Lian Yi)
The director-general called on WTO members to strengthen the multilateral trading system. "It is not a time to decouple into different trading blocs and we should avoid protectionist measures," she said.
According to WTO's annual trade statistics and outlook report released last week, global trade will grow 1.7 percent in 2023, higher than last October's estimate of 1.0 percent. As a "key factor" in this increase, China's adjustment of its COVID-19 measures is expected to boost international trade, the report said.
The director-general pointed out that China's adjustment of COVID-19 measures has been helpful for global trade growth. China is one of the biggest sources of services trade in the world, and the recovery of Chinese outbound tourism will boost the global tourism industry, she added.
As the second largest economy, China is contributing to global trade performance. China "carries a very big weight" because a lot of its trade is not only with developed countries like the United States and European countries, but also with other developing countries, the director-general said.
This aerial photo taken on March 13, 2023 shows a container terminal of Taicang Port, east China's Jiangsu Province. (Xinhua/Li Bo)
"We want China to do well (in trade), so that other developing countries...countries in Africa, for instance, can also do well," she said.
The global trade in 2023 faces multiple crises including the ongoing military conflicts in Ukraine, high food prices, tightening monetary policy, the recent banking crisis and climate crisis, she alerted.
The director-general called on WTO members to maintain free and open trade to avoid putting export restrictions or protectionist measures, so that the "free flow of trade can help the world recover from these multiple crises that it's confronting."
"WTO members need to remember that trade is a source of resilience," she said.
Tags:
Reprint:Friends are welcome to share on the Internet, but please indicate the source of the article when reprinting it.“Earthly Essence news portal”。http://portugal.unhasdecoradas.org/article-06d099918.html
Related articles
Insider Q&A: CIA's chief technologist's cautious embrace of generative AI
politicsKnowledge advantage can save lives, win wars and avert disaster. At the Central Intelligence Agency, ...
【politics】
Read moreChina Creates over 2.5 Million New Jobs for Fresh Graduates
politicsContact Us HomeNewsHighlightACWF NewsSocietyWom ...
【politics】
Read moreChina Focus: PLA Navy's Founding Anniversary Commemorated with Public Celebrations
politicsContact Us HomeNewsHighlightACWF NewsSocietyWom ...
【politics】
Read more
Popular articles
- Investigators return to Long Island home of Gilgo Beach serial killing suspect
- Spring Bud Girls Receive Gifts ahead of Int'l Children's Day
- Night Economy Booms Across China During Labor Day Holiday
- China Unveils 10 National
- Padres second baseman Xander Bogaerts leaves game against Braves with shoulder injury
- Village Basketball Competition Kicks off in SW China's Guizhou
Latest articles
Adams, Reyna, Turner, Ream are US concerns ahead of Copa America
Annual College Entrance Exam Concludes in Some Parts of China
Organs Safeguard Campus Security
Night Economy Booms Across China During Labor Day Holiday
Macron is making a surprise trip to New Caledonia amid deadly unrest and indigenous frustration
Globally Co
LINKS
- The last day of the NBA regular season is Sunday. Expect chaos and lots of it
- U.S., Britain launch airstrikes against Houthi camps in Yemen
- Coachella: Earthquake shakes SoCal desert during music fest
- Reinhart gets his 55th goal to win it, Florida tops Buffalo 3
- Pictured: First
- Thick blanket of fog in Pakistan's capital affects routine life
- Domestic terrorism, political violence seen as top threat to U.S. interests in 2024: survey
- 22 killed, 10 injured as tractor trolley overturns in India
- MacKenzie Gore strikes out 11 as Nationals beat Athletics 3
- Sri Lanka extends demining body's tenure for landmine free nation