Current location:travel >>
China strong supporter of multilateral trading system, says WTO director
travel976People 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 Gazette news portal”。http://somalia.fivesixgroup.com/article-06d099918.html
Related articles
I visited the most crowded island on Earth
travelLikened to a giant armor-plated turtle because the tin roofs are so tightly packed together, Migingo ...
【travel】
Read moreAcross China: Hainan's Ethnic Tea Grower Strives for Collective Prosperity
travelContact Us HomeNewsHighlightACWF NewsSocietyWom ...
【travel】
Read moreVolunteer Groups Crochet Woolen Bouquets for Games Medalists
travelContact Us HomeNewsHighlightACWF NewsSocietyWom ...
【travel】
Read more
Popular articles
- David Ortiz is humbled by being honored in New York again; this time for post
- Pic Story: Nursing Worker of Elderly Care in Yuhu District, Hunan
- Rural School Teacher Heartens 'Left
- China's Xie wins men's 100m gold at Hangzhou Asiad
- Amal Clooney played key role in ICC bid to request arrest warrants for Israeli PM and Hamas leader
- Rising Tennis Star Makes History, Aims to Return Stronger
Latest articles
Who is Abi Carter? Inside the American Idol winner's unconventional family life
Indefatigable Team of Women Transform Barren Coastal Area of Hainan with Largescale Tree
Miao Woman Inherits, Promotes Family's Tea
Village Official Leads Farmers in Promoting Rural Revitalization
Demi Moore, 61, says full
China's Paddler Xie Claims 1st Gold of Hangzhou Asian Para Games
LINKS
- Gilbert has stellar start for Mariners and JRod goes deep in 4
- How RFK Jr's well
- Stock market today: Asian shares track Wall Streets rally, led by a 2.4% jump in Tokyo
- Vanessa Hudgens the Coachella queen explains why she skipped the festival this year
- Stock market today: Asian shares track Wall Streets rally, led by a 2.4% jump in Tokyo
- Complex stories of migration are among the finalists for the Women's Prize for Fiction
- Can YOU spot the right
- Biden tries to navigate the Israel
- Texas ranch hits the market for $4.8 million and is PERFECT for waterpark lovers
- China to send three astronauts to Tiangong space station, part of its ambitious program