Paraguay President: Any multilateralism crisis can only be solved with more multilateralism
- Source: World Trade Organization (WTO)
- Date: January 31, 2025
- Time: 17:00
Summary:
Paraguay’s President Mario Abdo Benítez has emphasized the need for enhanced multilateralism to address the current crisis in the multilateral trading system. In his speech at the WTO Public Forum, President Abdo Benítez stated that “any crisis of multilateralism can only be solved with more multilateralism.”
Key Points:
- President Abdo Benítez expressed concern about the increasing fragmentation and mistrust within the multilateral trading system.
- He urged WTO members to work together to strengthen the organization and restore confidence in the rules-based multilateral trading system.
- The President highlighted the importance of inclusivity and equitable outcomes in international trade negotiations.
- He emphasized the need for developing countries to have a voice and to benefit from the multilateral trading system.
- President Abdo Benítez expressed support for the WTO’s ongoing negotiations on fisheries subsidies, e-commerce, and investment facilitation.
- He emphasized the importance of addressing climate change and ensuring that trade contributes to sustainable development.
Additional Information:
- The WTO Public Forum is an annual event that brings together government officials, business leaders, academics, and civil society representatives to discuss global trade issues.
- Paraguay is a founding member of the WTO and has been an active participant in the organization’s work.
- President Abdo Benítez’s speech is in line with the WTO’s efforts to promote multilateralism and strengthen the rules-based trading system.
- The WTO is currently facing challenges such as trade tensions between major economies, the rise of protectionism, and concerns about the impact of trade on inequality and the environment.
Conclusion:
President Abdo Benítez’s call for enhanced multilateralism is a timely reminder of the importance of cooperation and dialogue in addressing global trade challenges. By working together, WTO members can strengthen the multilateral trading system and ensure that it remains a force for economic growth, development, and sustainability.
Paraguay President: Any multilateralism crisis can only be solved with more multilateralism
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