Hey there, amigos! 🌟
At a recent press conference during the second session of the 14th National People's Congress in Beijing, Wang Wentao, China's Minister of Commerce, shared some wisdom about the World Trade Organization (WTO). He emphasized that working with the WTO requires both confidence 👍 and patience 🕒.
Wang attended the WTO's 13th Ministerial Conference (MC13) in Abu Dhabi, United Arab Emirates, last week. He was thrilled to announce the achievement of the \"1+10\" pragmatic outcomes. According to him, these results are a major victory for multilateralism 🌐 and a big confidence booster for the global trading system.
But what's the big deal? 🤔
Well, Wang highlighted the importance of the new Investment Facilitation for Development Agreement (IFD Agreement) reached at the conference. He summed it up with three awesome \"firsts\":
- It's the world's first multilateral investment agreement! 🌍
- The first agreement centered on development, focusing on helping countries grow together. 🌱
- The first agreement where developing members led discussions on investment rules. 🙌
Pretty cool, right? 😎 This shows how collaboration and inclusion can shape the future of international trade.
Wang's message is clear: with confidence and patience, nations can work together to create a more connected and prosperous world. So, let's keep an eye on these developments and see how they might open up new opportunities for everyone, including young entrepreneurs and adventurers like us! 🚀
Reference(s):
Chinese commerce minister: Confidence, patience required in WTO work
cgtn.com
