Why does this week's #MC12 meeting of @wto trade ministers matter? Because the global community is facing multiple challenges/threats: Russia's aggression against #Ukraine, Covid-19, inflation, food insecurity... Clearly, a strong global trade response is needed. 7 atbildes
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Valdis Dombrovskis (2022-06-12 12:03:04) |
Why does this week's #MC12 meeting of @wto trade ministers matter? Because the global community is facing multiple challenges/threats: Russia's aggression against #Ukraine, Covid-19, inflation, food insecurity... Clearly, a strong global trade response is needed. | |
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Valdis Dombrovskis (2022-06-12 12:03:05) |
Further, Russia’s brutal & unprovoked war is a direct threat to rules-based institutions like WTO. Aggression, blackmail & conflict flourish in the absence of functioning global bodies. Because such bodies provide stability for economic recovery. They uphold the rules. 2/8 | |
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Valdis Dombrovskis (2022-06-12 12:03:05) |
But @wto rulebook is out of date, based on 1990s reality. Without root-and-branch reform, it cannot hope to be relevant or achieve results. That is why EU is the strongest advocate for meaningful change. | |
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Valdis Dombrovskis (2022-06-12 12:03:06) |
And at #MC12, we are working closely with those who share our concerns. But we urgently need others to match our ambition! We believe a real reform process can be launched this week, with a deadline for delivering concrete outcomes by #MC13. 4/8 https://t.co/Si7J7cB1Bi | |
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Valdis Dombrovskis (2022-06-12 12:03:07) |
We've been working hard on a multilateral food security package, in the face of an emergency caused by Russia, which is using food & grain as a weapon of war. Nothing is more important than food. WTO must help tackle restrictions to this most precious of commodities. 5/8 | |
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Valdis Dombrovskis (2022-06-12 12:03:07) |
When it comes to tackling the #COVID19 pandemic (+ preparing for future pandemics): we support a Ministerial Declaration on trade & health, including a sensible outcome on the contribution that intellectual property can make. 6/8 | |
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Valdis Dombrovskis (2022-06-12 12:03:07) |
The global trading system must play its part to protect our planet. EU wants a robust deal on sustainability in global fisheries at #MC12. | |
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Valdis Dombrovskis (2022-06-12 12:03:09) |
Finally, in the digital realm we want to extend the #ecommerce moratorium. This is critical for businesses around the globe. All above positive results are within reach, if entire @wto Membership shows real political will & vision. EU will not be found wanting. | |