Canada hosted Ottawa Ministerial on WTO Reform

 

Canada hosted Ottawa Ministerial on WTO Reform

 

Oct. 27, 2018

Global Korean Post

 

Delegations from 12 countries visited Canada for WTO Refom.

They include Australia, Brazil, Chile, the European Union, Japan, Kenya, Korea, Mexico, New Zealand, Norway, Singapore and Switzerland.

 

The meeting was held in Ottawa on October 24 and 25, 2018.

 

Algonquin Elder Barbara Dumont-Hill welcomed 12 international delegations to the Ottawa Ministerial on WTO Reform and to perform a blessing to open the day’s activities.

 

Minister Carr emphasized the importance of RulesBasedTrade and the group’s willingness to discuss meaningful change for WTOReform.

 

At the meeting, ministers worked to identify concrete actions to enhance and improve the WTO over the short, medium and long term.

 

After meeting, the government announced the Joint Communiqué of the Ottawa Ministerial on WTO Reform.

It is written in the statement, “We reaffirm our clear and strong support for the rules-based multilateral trading system and stress the indispensable role that the WTO plays in facilitating and safeguarding trade. That system marked the beginning of an unparalleled chapter in global prosperity, growth, and job creation around the world, though the benefits from trade have not always been evenly distributed.”

 

Canada was one of the founding members of the WTO in 1995. Today, the organization has 164 members around the world.

Global trade in goods and services was estimated at $22.2 trillion in 2017.

In December 2017, Canada played a key leadership role at the WTO in drafting and promoting the Joint Declaration on Trade and Women’s Economic Empowerment.