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The event identified a broad range of possible WTO initiatives to help boost trade-led inclusive growth, including, but not limited to:
SME growthAdding to that, the International Chamber of Commerce's First Vice-Chairman Sunil Bharti Mittal said: "The global nature of e-commerce means that the WTO has a vital role to play in the further development of rules and standards for this area. E-commerce has the potential to revolutionize global trade flows. Today, even the smallest of businesses can go global if they can access the internet."
Business leaders encouraged the WTO to explore possible initiatives to make trade easier for small- and medium-sized enterprises (SMEs), going beyond trade facilitation reforms to identify where harmonized rules and end-to-end standards can help small businesses access global markets. Access to financing was also highlighted as a priority to support SME trade growth.
Read the entire article: ICC welcomes new dialogue with WTO; highlights options for multilateral trade