the voice of our community promoting
trade education, employment & research

Opening the Public Forum in the 20th anniversary year of the WTO, Director-General Roberto Azevêdo said that trade works to create jobs and lift people out of poverty, and it connects economies, business and people across the globe.

AID FOR TRADE
AID FOR TRADE

Opening the Public Forum in the 20th anniversary year of the WTO, Director-General Roberto Azevêdo said that trade works to create jobs and lift people out of poverty, and it connects economies, business and people across the globe. He noted:

“Trade works to leverage economic growth and development.”

  •  It works to connect economies, businesses and people across the globe.
  •  It works to create jobs.
  •  And it works to lift people out of poverty.

Trade works:

  • if it is accompanied by the right policies.
  • if countries are supported to build the capacity they need to compete.
  • and if we have a transparent system of rules which are agreed together and are enforced in a fair, open and cooperative way.

WTO members cooperate every day here in Geneva to maintain and improve the trading system. Supported by this cooperation we have seen tariffs cut in half and trade volumes double over the last 20 years.

We have seen the benefits of trade extended to millions more people as developing countries’ share in global merchandise trade has leapt from 27 per cent to over 43 per cent. And through the Aid for Trade initiative we have seen 245 billion dollars disbursed to help countries improve their trading ability.

Read more here.
Source: World Trade Organization