Current location:politics >>
China strong supporter of multilateral trading system, says WTO director
politics3People 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.“Culture Corner news portal”。http://tajikistan.fictionsmistress.com/article-06d099918.html
Related articles
Kylie Jenner displays her VERY edgy fashion sense in cleavage
politicsKylie Jenner put her edgy eye for style on display once again as she stepped out in the Los Angeles ...
【politics】
Read moreElderly Couple Defies Age, Completing 100 Marathon Races
politicsContact Us HomeNewsHighlightACWF NewsSocietyWom ...
【politics】
Read moreModernization, Mechanization Make Farmer's Life a Breeze
politicsContact Us HomeNewsHighlightACWF NewsSocietyWom ...
【politics】
Read more
Popular articles
- Messi in and Dybala out in Argentina squad for pre
- Cultural Relic Conservators Safeguard Ancient City's Glory
- Pic Story of Flower
- 'Chestnut Princess' Helps Rural Residents Promote Agricultural Products via Livestreaming
- Judge orders man accused of opening fire outside Wrigley Field held without bail
- Pic Story of Flower
Latest articles
David Ortiz is humbled by being honored in New York again; this time for post
Son's Devotion to Ailing Mom in Shaanxi Inspires Others
Profile: Wheelchair
'Mother Wu' Remains Loyal to Her Island Home
Yu Darvish extends scoreless innings streak to 25 in Padres' 9
The IRS is quicker to answer the phone on this Tax Day
LINKS
- Maui to hire expert to evaluate county's response to deadly wildfire
- Putin says Russia bound to achieve goals in development
- PR executive reportedly departs China's Baidu after comments glorifying overwork draw backlash
- Hilarious moment dog owner plunges into a river after being dragged in during a game of catch
- 2 climbers reported missing on California's Mount Whitney are found dead
- Putin says Russia bound to achieve goals in development
- Alabama lawmakers adjourn session without final gambling vote
- AP Week in Pictures: Asia
- Woman who grew up in polygamist Mormon CULT lays bare horrifying truth about INCEST inside the sect
- Corbin Carroll hits a 2