Davies calls for multilateral trade environment at WTO meeting

Davies hit out at ‘trade protectionism’ and its impact on developing countries at the WTO meeting this week.

South Africa and its developing country trade partners need to shape a multilateral trade environment that is conducive to and supportive of industrialisation and supports structural transformation and economic diversification.

“This includes recognising the necessity of policy space for developing countries, especially African countries, to pursue our development objectives and promote regional integration,” said Minister of Trade and Industry, Dr Rob Davies. He was in New Delhi India for the two-day World Trade Organisation Ministerial Meeting for Developing Countries which concluded yesterday.

He pointed out that the meeting was taking place at a time when global trade was going through a period of uncertainty with  trade protectionism and a backlash against trade agreements and globalisation due to lack of inclusive growth.

Davies expressed the hope that this meeting would “provide clarity and direction” on how to address issues faced by WTO members.

 


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