Shanghai, China: While expressing concern over recent developments in global trade relations, Pakistan called for an immediate resolution to the deadlock on the WTO’s appellate body and emphasized the need for a functioning Dispute Settlement Mechanism for the system, particularly for developing countries.
Mr. Dawood called for an immediate resolution to the deadlock on the WTO’s appellate body and emphasised the need for a functioning Dispute Settlement Mechanism for the system, particularly for developing countries. He further underscored the importance of Agriculture and Fisheries sectors for Pakistan and reassured members of Pakistan’s participation in these negotiations with a view to safeguarding the interests of our farmers and small-scale fishermen.
The Advisor to the Prime Minister for Commerce, Textile, Industry and Production and Investment, Mr. Abdul Razak Dawood has highlighted the importance of strengthening a rules-based Multilateral Trading System under the WTO by safeguarding its fundamental principles of non-discrimination, consensus-based decisions and Special and Differential Treatment in all negotiations for developing countries like Pakistan. He was speaking at the Informal WTO Mini-Ministerial Meeting hosted by China in Shanghai.
In his statement during the meeting, the Advisor expressed concern over recent developments in global trade relations which could put the multilateral system at risk. He informed the 35 participants of the meeting that any reform of WTO must not alienate developing countries but should make it easier for them to pursue their sustainable development objectives and gain an equitable share in the technological and industrial expansion across the globe.
Earlier in the day, the Advisor attended the opening ceremony of the China International Import Expo inaugurated by the president of China. He also expressed views in an interview with CCTV, Chinese television on the issues of multilateral trade, and strengthening of bilateral economic engagement between China and Pakistan. He spoke at a luncheon meeting hosted by China for the Investment Facilitation for Development initiative under the WTO. He stressed the importance of multilateral engagement and effective Special and Differential treatment in all disciplines.
The Advisor for Commerce also met bilaterally with various trade Ministers of countries attending the inter-ministerial meeting and exchanged views on issues of bilateral interest. In all, 35 WTO members including China, Turkey, Russia, Indonesia, Saudi Arabia, South Africa, European Union, Canada, Australia, Philippines, and Norway are attending the conference. He also met the Director General of the WTO. The Advisor is on a 4-day official visit to Shanghai and Beijing including the WTO Mini-Ministerial, the China International Import Expo and several bilateral engagements with Chinese dignitaries. NT