Advertisement
Thursday, Oct 21, 2021
Outlook.com
Outlook.com

''International trade should not be looked only in terms of volume, value''

''International trade should not be looked only in terms of volume, value''
outlookindia.com
1970-01-01T05:30:00+0530
New Delhi, Jun 24 (PTI) International trade should not be looked only in terms of volume and value, but in respect to its linkages with developmental concerns and access to basic needs, research firm CUTS International said on Wednesday.

It stressed on taking a closer and more holistic look at the linkages between trade and sustainable development by putting equal emphasis on economy, and environmental dimensions.

"It should not be a sanctions-based approach but should emphasise on arriving at a positive, forward-looking agenda with social safety nets as its central theme. International trade should not be looked in isolation and not just in terms of their volume and value but in respect to its linkages with developmental concerns, particularly in regard to access to basic needs," said Pradeep Mehta, Secretary General, CUTS International.

He was speaking at a webinar on ''what would happen to a world without the WTO''.

More than 100 stakeholders representing trade officials, experts, academia, civil society organisations, and think-tanks from different parts of Africa participated in the discussion.

According to Erastus Mwencha, Chairman, TradeMark East Africa the member countries of the World Trade Organisation (WTO) really need to interrogate the whole process of the functioning of the organisation.

"That will help us having a better understanding of why there are so much of systemic challenges. We need to reinvent the WTO through structural transformation so as to derive better values out of it through a more balanced but faster decision-making process. This is an imperative in the post-Covid world. We need a better global leadership,” he said.

According to Cheikh Tidiane Dieye, Executive Director of Dakar-based African Center for Trade, Integration and Development, going forward, it is important to recognise the needs of the least developed countries by focusing on their capacity to utilise the available policy space. PTI RR

MR


Disclaimer :- This story has not been edited by Outlook staff and is auto-generated from news agency feeds. Source: PTI

More from Website

India Logs 18,454 Fresh Covid-19 Cases, Recovery Rate Highest Since March 2020

India Logs 18,454 Fresh Covid-19 Cases, Recovery Rate Highest Since March 2020

An increase of 733 cases has been recorded in the active Covid-19 case count in a span of 24 hours, the health ministry said.

Police Commemoration Day: VP Venkaiah Naidu Pays Tribute To CRPF Personnel Who Sacrificed Own Lives

Police Commemoration Day: VP Venkaiah Naidu Pays Tribute To CRPF Personnel Who Sacrificed Own Lives

The day is observed to pay homage to 10 Central Reserve Police Force (CRPF) personnel who were killed while retaliating a Chinese onslaught in 1959 in Ladakh's Hot Springs area.

Judgements Are Inevitable: Shanaya Kapoor

Judgements Are Inevitable: Shanaya Kapoor

During an interview, Shanaya Kapoor also shared her experience of working as an assistant director on the sets of 'Gunjan Saxena' starring Janhvi Kapoor.

More from Outlook Magazine

An Unfolding Dalit Movement In Tamil Nadu Has Escaped Nation’s Attention

An Unfolding Dalit Movement In Tamil Nadu Has Escaped Nation’s Attention

Poet and activist Meena Kandasamy visits ground zero of the grassroots movement down South to understand the caste divide in the state.

India Needs A Caste Census To Know Where The Marginalised Stand In The Development Index

India Needs A Caste Census To Know Where The Marginalised Stand In The Development Index

The aim of a caste census is not to know the numerical strength of a caste. Rather, it would reveal social inequalities for possible remedial measures.

Lakhimpur Kheri: Heartbreak And Tears As Families Try To Cope With Personal Grief

Lakhimpur Kheri: Heartbreak And Tears As Families Try To Cope With Personal Grief

Kin of killed farmers, BJP members have the same demand—justice for the dead.

Advertisement

Outlook Newsletters

Advertisement
Advertisement