WTO marks 30th anniversary with focus on reforms and future challenges

WTO marks 30th anniversary with focus on reforms and future challenges
Trade
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Yi Xiaozhun Deputy Director-General | World Trade Organization

The World Trade Organization (WTO) marked its 30th anniversary, reflecting on its historical accomplishments and future challenges at a significant event. Since its founding with the signing of the Marrakesh Agreement in 1994 by 123 countries, the WTO has promoted global trade expansion, aiming to raise living standards, increase employment, and foster sustainable development.

General Council Chair Ambassador Saqer Al Moqbel from Saudi Arabia emphasized the WTO's significance over the last three decades in enhancing living standards through trade, promoting cooperation, and sustaining a rules-based trading system. He remarked on the multilateral trading system's role as a platform for collaboration, stating, “Let us not lose sight of that, particularly in the light of recent developments in global trade and the overall economic situation.”

Director-General Okonjo-Iweala discussed the importance of the anniversary against the backdrop of recent trade challenges and uncertainties, which impact global economies. She stated, “The uncertainty around global trade has reminded many members why they value the WTO as a bedrock of predictability in the global economy — and as a platform for dialogue and cooperation on trade.”

Okonjo-Iweala also acknowledged members' concerns about the WTO, suggesting they represent opportunities for systemic improvement. She expressed determination to pursue a far-reaching reform agenda, highlighting the need for the right questions to guide reforms and pushing for member-driven processes, with a culminating conference in 2026 in Cameroon.

José Manuel Durão Barroso, former President of the European Commission, delivered the keynote address. He credited the WTO with lifting 1.5 billion people out of extreme poverty since 1995 and underlined the essential role of open trade and the multilateral system. He warned against sidelining the WTO, considering it indispensable amid complex global economic landscapes.

The event also featured a session reflecting on the WTO’s past contributions, with inputs from former Directors-General and Chairs, including Supachai Panitchpakdi and Roberto Azevêdo. Another session focused on future challenges, featuring trade ministers and business leaders like Luc Magloire Mbarga Atangana and Mark Schneider.

The event concluded with the "Friends of the System" group supporting the multilateral trading framework and calling for renewed efforts to reform and maintain the organization’s relevance. A statement from Anne Hiltpold closed the proceedings.

The event celebrated the WTO's impact over the past 30 years, while the organization looks towards continued reforms to remain responsive and effective.