Source: New Zealand Government
Trade and Investment Minister Todd McClay travels to Cameroon this weekend for the 14th Ministerial Conference of the World Trade Organization (WTO), where he will again serve as a Vice Chair of the negotiations.
“As a small, export driven economy, New Zealand depends on predictable and rules based global trade. The WTO is an important part of this system,” Mr McClay says.
“Faced with growing global economic and geo-political disruption, rising protectionism, and concerns about global supply chain resilience, there’s recognition among WTO members of the need for a modern, effective organisation that’s geared to support trade in today’s world.”
As Vice Chair of the conference, Mr McClay has a key role in facilitating those discussions.
Mr McClay will be joined by Labour Party Trade and Export Growth spokesperson Damien O’Connor as part of New Zealand’s delegation.
“New Zealand will push for outcomes that maintain the integrity and effectiveness of the WTO which continues to have a critical oversight role for the vast majority of global trade,” Mr McClay says.
Trade ministers and representatives from the 166 WTO member economies attend the Ministerial Conference, the WTO’s highest decision-making body, which meets every two years.
They will also address e-commerce, agriculture reform, and harmful fisheries subsidies during the conference which runs from 26-29 March.
