https://www.polity.org.za
Deepening Democracy through Access to Information
Home / Statements RSS ← Back
Africa|Health|Power|Resources|SECURITY|Steel|supply-chain|System|Systems
Africa|Health|Power|Resources|SECURITY|Steel|supply-chain|System|Systems
africa|health|power|resources|security|steel|supply chain|system|systems
Close

Email this article

separate emails by commas, maximum limit of 4 addresses

Sponsored by

Close

Article Enquiry

South Africa calls for a more flexible and responsive World Trade Organisation (WTO) and asked for it to address the global food shortages and price increases

Close

Embed Video

South Africa calls for a more flexible and responsive World Trade Organisation (WTO) and asked for it to address the global food shortages and price increases

Image of Minister of Trade, Industry and Competition Ebrahim Patel
Minister of Trade, Industry and Competition Ebrahim Patel

14th June 2022

ARTICLE ENQUIRY      SAVE THIS ARTICLE      EMAIL THIS ARTICLE

Font size: -+

/ MEDIA STATEMENT / The content on this page is not written by Polity.org.za, but is supplied by third parties. This content does not constitute news reporting by Polity.org.za.

In a speech at the opening session of the 12th Ministerial Conference of the WTO, South Africa’s Minister of Trade, Industry and Competition Ebrahim Patel called for reform of the WTO to better suit the needs of a changing world. 

He noted the new challenges since the formation of the WTO twenty-eight years ago, pointing to climate change, vast and growing inequality within and between countries, the vulnerability experienced in health and supply-chain disruptions as a result of integrated systems and more pronounced geo-political tensions. 

Advertisement

“The WTO will need to reinvent itself for the new age; be more flexible and promote stronger development outcomes. We need a rules-based system to promote global prosperity, to do so inclusively; and to not rely on the law of the jungle where power alone defines who eats and who gets eaten. And for this reason, the rules need to enable greater trade between nations that result indeed in balanced and developmental outcomes,” Minister Patel said. 

He called on the WTO within its mandate to address food insecurity, pandemic preparedness and slow growth. Food prices have risen sharply due to supply-chain disruptions caused by the impact of Covid-19 and aggravated by the war in Ukraine. The WTO Conference will discuss food security as one of its key themes. 

Advertisement

“The challenges faced by many developing countries include weak levels of industrialisation, new pressures created by climate change and the implications of digitisation of economies and trade,” he said. 

“Almost 30 years after the conclusion of the Uruguay Round of trade reforms, Africa today has over 17% of the world’s population and yet accounts for just 3% of global trade and GDP; and less than 1% of global steel and automobile output. The African Continental Free Trade Area (AfCFTA) offers a new path for Africa to industrialize and escape the continent’s historical position in the global division of labour, largely as a producer and exporter of raw materials and natural resources,” he said. 

South Africa also called for a number of reforms in the WTO system, with a review and rebalancing of WTO rules to enable African countries to industrialise; a functioning and effective dispute resolution system; and retaining the principle that developing countries have more flexibilities that developed economies. 

Minister Patel called for an agreement to address the challenge of over-fishing, particularly illegal and unreported fishing and effective measures to address the Covid-19 pandemic.  

 

Issued by The Department of Trade, Industry and Competition

EMAIL THIS ARTICLE      SAVE THIS ARTICLE ARTICLE ENQUIRY

To subscribe email subscriptions@creamermedia.co.za or click here
To advertise email advertising@creamermedia.co.za or click here

Comment Guidelines

 

About

Polity.org.za is a product of Creamer Media.
www.creamermedia.co.za

Other Creamer Media Products include:
Engineering News
Mining Weekly
Research Channel Africa

Read more

Subscriptions

We offer a variety of subscriptions to our Magazine, Website, PDF Reports and our photo library.

Subscriptions are available via the Creamer Media Store.

View store

Advertise

Advertising on Polity.org.za is an effective way to build and consolidate a company's profile among clients and prospective clients. Email advertising@creamermedia.co.za

View options

Email Registration Success

Thank you, you have successfully subscribed to one or more of Creamer Media’s email newsletters. You should start receiving the email newsletters in due course.

Our email newsletters may land in your junk or spam folder. To prevent this, kindly add newsletters@creamermedia.co.za to your address book or safe sender list. If you experience any issues with the receipt of our email newsletters, please email subscriptions@creamermedia.co.za