Current location:entertainment >>
China strong supporter of multilateral trading system, says WTO director
entertainment224People 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.“Global Gist news portal”。http://kiribati.argoasecurityeu.com/content-06d099918.html
Related articles
Iran's nuclear policy unlikely to change even after president's death
entertainmentDUBAI, United Arab Emirates (AP) — While Iran’s nuclear program stands at the precipice of tipping o ...
Read moreXi Meets Australian PM Albanese
entertainmentContact Us HomeNewsHighlightACWF NewsSocietyWom ...
Read moreFull Text of the Report to the 20th National Congress of the Communist Party of China
entertainmentContact Us HomeNewsHighlightACWF NewsSocietyWom ...
Read more
Popular articles
- Pogacar extends Giro lead to over 7 minutes after winning altered Stage 16 amid protests at start
- Xi Exchanges Congratulations with Madagascar's President over 50th Anniversary of Diplomatic Ties
- China Issues White Paper on Community with Shared Future in Cyberspace
- China Focus: Report to 20th CPC National Congress — How It Was Shaped
- Bell's RBI single in 10th lifts Marlins to 3
- CPC Central Committee Issues Decision on Party Congress Guiding Principles
Latest articles
EU seals a deal on using profits from frozen Russian assets to help arm Ukraine
Xi Stresses Implementing Guiding Principles of Key Party Congress in Armed Forces
(CPC Congress) New CPC Leadership to Meet Press on Sunday
Highlights of Xi
Massey, Perez hit homers to lead Royals in 8
Xi to Address 5th CIIE Opening Ceremony via Video, Speech to Be Broadcast Live
LINKS
- Liberia passes a law setting up a long
- The Rolling Stones are set to rock New Orleans Jazz Fest after two previous tries
- Chongqing Youth Film Project unites global youth
- From your alarm clock and mattress to your microwave and fridge
- A committee finds a decayed and broken utility pole caused the largest wildfire in Texas history
- Send us Patriots: Ukraine's battered energy plants seek air defenses against Russian attacks
- Mississippi high court declines to rule on questions of public funds going to private schools
- Middle school focuses on recovery as authorities investigate shooting of armed student
- Chinese film executive upbeat on Sino
- South Carolina Senate approves ban on gender