International Trade Secretary Liz Truss has today (Wednesday 31 March) set out an ambitious agenda to work with G7 countries and the WTO’s new Director General to reform global trade as she chairs the first-ever G7 Trade Track Ministerial meeting.
As President of the G7, the UK will use the meeting to push for the reform of the WTO, so the organisation is fit to challenge unfair trading practices as well as ensuring trade helps tackle climate change.
Trade Ministers from the member countries of Canada, France, Germany, Italy, Japan, US, UK and the EU, will be joined at the virtual meeting by the newly-appointed Director-General of the World Trade Organization (WTO), Dr. Ngozi Okonjo-Iweala.
The UK will encourage G7 partners to develop a set of principles for digital trade, underlining the common goals of Trade Ministers around open digital markets and the fight against protectionism.
The UK will also seek to champion the cause of values-driven free trade and work with G7 partners to challenge practices that distort markets. The group will also discuss how to make global trade greener.
International Trade Secretary Liz Truss said:
As well as reform, the Trade Secretary will also be working with G7 partners, including new US Trade Representative Katherine Tai, and WTO Director-General to fight for more women to be represented in trade.
The next G7 Trade Ministerial meeting is due to take place in-person in May where the UK will be looking to strengthen dialogue and further advance Britain’s shared agenda with our G7 partners.
Photo licensed under a Creative Commons Attribution-NonCommercial-NoDerivs 2.0 Generic License.