WTO report highlights role of trade in meeting SDGs and assisting economic recovery

2022-06-09 10:35:41 Trade Body / Associations News

The WTO has highlighted the role of trade in helping countries recover from the COVID-19 pandemic in a report submitted to the UN’s High-level Political Forum (HLPF) on Sustainable Development to be held in July. The report also examines the WTO’s contribution to improving livelihoods, achieving sustainable development and making trade work for people, priorities on which Director-General NgoziOkonjo-Iweala has placed renewed emphasis.

5 SDGs

The WTO report contains an analysis of the trade performance of developing countries. It also discusses the impact of the conflict in Ukraine and looks into trade topics related to the SDGs.

Five Sustainable Development Goals (SDGs) will be under consideration at the 2022 HLPF, which will take place from 5 July to 7 July and from 11 July to 15 July:

Goal 4 on education; Goal 5 on gender equality and women's empowerment ;Goal 14 on life below water;  Goal 15 on life on land and Goal 17 on partnerships for the goals

The forum is organized annually under the auspices of the UN's Department for Economic and Social Affairs.

In its report to the 2022 HLPF, the WTO emphasizes the contribution of trade to improving people's livelihoods and achieving the five SDGs under review.

On SDGs 4 and 5, the report notes the essential role played by cooperation and dialogue among international institutions and relevant stakeholders. In particular, it looks at how this cooperation has supported domestic policies aimed at increasing online education and supporting the inclusion of women in trade.

On SDGs 14 and 15, the report highlights that WTO rules provide space for accommodating environmental concerns, such as measures aimed at protecting life below water and on land, in trade policy considerations. At the WTO, negotiations are under way ...

On SDG 17, the report stresses that the WTO works in partnership with other organizations through initiatives such as Aid for Trade... It also covers cooperation with the World Bank, the Organisation for Economic Co-operation and Development, the International Monetary Fund (IMF) and the World Health Organization on issues such as climate change and access to COVID-19 vaccines.

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