Guard the multilateral trading system with confidence and patience

Author:Xinhuanet Time:2022.06.18

Xinhua News Agency, Geneva June 17th.

Xinhua News Agency reporter Chen Junxia Xu Chi

The 12th Ministerial Meeting of the World Trade Organization closed on the 17th in Geneva, Switzerland. The process of this session is difficult but eventually achieved a number of results, which shows that when the economic globalization encounters, the multilateral and multilateral trading system is still directed by the people of the international community and has strong vitality. The international community must continue to persist with confidence and patience Multilateralism, protect the multilateral trade system.

History has proven that protectiveism has greatly destructive power to the world economy. Today's interdependent industrial chain and supply chain layout decisions are determined that the world must follow the road of multilateralism. Promoting the country's priority and splitting and interconnected approach is not unpopular, and it is destined to eventually damage others.

Since the establishment of the WTO, it has made important contributions to promoting global trade development, ensuring full employment, promoting economic growth, and improving living standards. At present, the WTO still plays a huge role in promoting economic globalization and the realization of trade development and prosperity. The multilateral trading system as a global public product has always been an important guarantee for the development of world economic development. Bolg Burend, President of the World Economic Forum, believes that the GDP has doubled the GDP world for decades in the past decades, which is based on the results above the globalization and multilateral trading system.

In the context of the unrealistic change in the century, the context of the century's epidemic is superimposed, and it is particularly important to maintain the stability of the world trade system and promote reform. The Director -General of the WTO Ivera quoted the World Trade Organization's relevant forecast data at the opening ceremony of the conference that if the globalization reversed, the global GDP will shrink at least 5%. During the conference, Ivilla repeatedly emphasized that although the WTO encounters some difficulties now, it can still help solve many crises facing the world. The key is to evoke the political will of each member. The Indonesian delegation attending the meeting said that the WTO is the only international institution responsible for dealing with the rules of trade between the country. It has not changed its role as the cornerstone of the international trade system. All members should bear corresponding responsibilities while enjoying the benefits of the multilateral trade system.

For more than 20 years since the establishment of the WTO, many mechanisms that promote free trade and resolving differences have been formed through hard and long negotiations. Keeping patience and determination, eventually can often "keep the clouds and see the moon". As Ivilla said, when the multilateral system is fragile, it is "when it should be increased to it."

Although facing "severe moments", the WTO is still considered to be a multilateral institution that maintains the prosperity of the world trade. The more difficult moments, the more members of the WTO must adhere to the confidence of multilateralism, the more we must use the sense of responsibility of the "international family" to come up with a greater political will, and the differences in the framework of the WTO, make more contributions, promote it, promote it, promote it, and promote it. The organization's healthy and sustainable development, in order to maintain and improve the long -term common interests of members of the World Trade Family, to maintain and improve the multilateral trading system, injecting positive motivation.

Faced with a complex and changeable international situation, all members should come up with political will and fulfill their responsibilities, and bring the differences in the framework of the WTO and make more contributions to promote the healthy and sustainable development of the organization.

- END -

In the 60 years of sanctioning Cuba, who has "coercion diplomacy" in the United States?

In June 2021, the 29th UN General Assembly passed the Must Termination of the Unit...

UNESCO has added 11 biosphere protected areas worldwide

UNESCO added 11 biosphere protection areas worldwide.The 11 new biosphere reserves are: Australia's Sunshine Coast Biosphere Reserve, Cameroon's Donbore Biosphere Reserve, Charlara Biosphere Reserve i...