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March 20, 2010

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China gives backing for trade

CHINA has voiced its support for the liberalization of global trade and opposition to trade protectionism in all its forms in order to help global economic recovery.

The statement came on Thursday as Li Baodong, the permanent Chinese representative to the United Nations, took the floor at the Special High-Level Meeting of the UN Economic and Social Council with the Bretton Woods Institutions, namely the World Bank and the International Monetary Fund, the World Trade Organization and the United Nations Conference on Trade and Development.

"China supports the liberalization and facilitation of global trade, and opposes trade protectionism in all its forms," Li said. "We should strive for the conclusion of the Doha Round negotiations in 2010 to bring about comprehensive and balanced results. We also need to redouble the efforts of the WTO to promote aid for trade, and help developing countries strengthen capacity building."

He said that trade is a key driver for world economic recovery and that since the outbreak of the financial crisis, "world trade has plummeted, and trade protectionism has increased visibly. Developing countries are the biggest victims of trade protectionism."

But Li pointed out that the overall situation of the world economy has now turned for the better, but with the negative impact of the financial crisis still lingering, developing countries still faced a huge challenge in achieving the Millennium Development Goals on schedule.

The High-level Plenary Meeting on MDGs to be held in September will be a major action taken by the UN to achieve the MDGs in 2015, Li said.

"China supports the convening of this meeting and hopes the meeting will provide a platform for the international community to hear the voice of UN member states, especially that of developing countries, learn about the difficulties they have encountered in achieving the MDGs, and push for developed countries to truly shoulder the responsibility of helping developing countries fulfill their commitments," he added.



 

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