Reforming World Trade Organisation key in enhancing global trade: Minister Shava

By Oleen Ndori

AS the World Trade Organisation-WTO continues to debate issues affecting global trade, Zimbabwe has stressed the importance of having a fair, rules-based and equitable multilateral trading system as enshrined in the Marrakesh Agreement.

The conference, which opened this Sunday, is headlined by issues around the impact of the COVID-19, global geopolitics surrounding events in Ukraine and the reforms of the world trade organisation.

Presenting a paper on the status of trade this Wednesday, Zimbabwe’s representative and Foreign Affairs and International Trade Minister, Ambassador Fredrick Shava stressed the importance of levelling the playing field in the reform agenda of global trade.

Zimbabwe continues to support the on-going work to reform and improve the functioning of the WTO . We emphasise that issues central to the interests of developing and least developed countries must feature more prominently within that ongoing debate on reform.”

“We identify, as immediate priorities for reform resolving the crisis in the Appellate Body; addressing the unilateral actions taken by some Members; reinforcing development at the very core of WTO by way of delivering upon long-ago promised developmental priorities as articulated in the DDA,” he said.

He also spoke on the need for fair rules of trade in accordance with the MARRAKESH Agreement.

My delegation would like to emphasise the importance of having a fair, rules-based and equitable multilateral trading system as enshrined in the Marrakesh Agreement. We need to ensure that WTO rules enable and do not in any way inhibit the policies and programmes of developing countries aimed at achieving industrialisation, structural transformation and the diversification of their economies,” he added.

The agreed position is that these policy interventions are necessary to integrate developing economies into the multilateral trading system on a fair and equitable basis.

Zimbabwe’s trade has largely improved, owing to the success of the Second Republic’s engagement and re-engagement agenda.

The post Reforming World Trade Organisation key in enhancing global trade: Minister Shava appeared first on ZBC NEWS.

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