Pakistan emerges as key member of a new rare bloc at WTO
ISLAMABAD: Pakistan on Thursday joined a group of 41 developing and developed countries to support a multilateral trading system for global economic stability, prosperity and development.
The rare block emerged in the wake of recent trade restrictive measures by US President Donald Trump.
Pakistan’s Ambassador to World Trade Organisation (WTO) Dr Tauqir Shah said that the country has played a key role to put together this group in support of a multilateral system.
He said Pakistan is the founding member of the global system and played an important role in the past negotiations. “We will continue to play our part in promoting rules-based multilateral trading system,” Shah added. The members welcomed the marked recovery of world merchandise trade in 2017, to which all regions contributed, and are encouraged by the WTO’s positive forecast for the next two years.