May 24, 2018

DG Azevêdo in Papua New Guinea: ‘WTO gives smaller economies the platform to succeed’

Director-General Roberto Azevêdo visited Port Moresby, Papua New Guinea, on 24 May, meeting with Minister Rimbink Pato to discuss how trade can continue to serve the country in the years to come. The Director-General noted the importance of the WTO in giving smaller economies like Papua New Guinea the support and the platform they need to succeed in global markets. They discussed the role of trade in relation to recovery from natural disasters, the sustainability of oceans, and building a more inclusive global economy. The Director-General welcomed Papua New Guinea’s ratification of the Trade Facilitation Agreement, which could potentially cut trade costs for the country by up to 13.9 per cent. While in Port Moresby, DG Azevêdo also spoke at the launch of a new APEC discussion series at the University of Papua New Guinea. His speech is available below.

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