China's Commerce Minister Wang Wentao just had a major meeting with the head honcho of the World Trade Organization (WTO), Ngozi Okonjo-Iweala, and it's kind of a big deal! 🎉
While chilling in Abu Dhabi for the 13th WTO Ministerial Conference, Wang Wentao emphasized China's all-in commitment to the WTO. He promised that China is ready to play ball in WTO reforms and wants to pump up the WTO's role in global economic governance. 🏦🌐
He didn't stop there! Wang is keen on collaborating with everyone to make this conference a success. He's talking about rebooting the dispute settlement mechanism (kinda like the world's referee whistle! 🏀), setting up a game plan for agricultural talks, and tackling food security issues for the world's least developed countries. 🍚🌾
On the flip side, Okonjo-Iweala gave China a big thumbs up 👍 for its support of the WTO and the multilateral trading system. She appreciated how China looks out for all WTO members while still keeping its own interests in check. She even hopes China will step up even more to make this conference a slam dunk! 🏀✨
Why does this matter? Well, with all the global economic hiccups these days, moves like this could mean better trade vibes for everyone. Stay tuned, folks! 🌟
Reference(s):
cgtn.com
