Parliamentary State Secretary at the Federal Ministry for Economic Affairs and Energy Oliver Wittke represented Germany at the G20 Trade and Investment Ministerial Meeting in Mar del Plata, Argentina.
“In this time of rising protectionist tendencies around the world and America first, it is key for the G20 trade ministers to discuss how we can overcome global trade conflicts and transform the multilateral trading system”, Parliamentary State Secretary Wittke said. “Europe is advocating an overhaul of the World Trade Organisation in order to better address the underlying causes of the current disruption, particularly trade-distorting measures adopted by non-market economies. All of the WTO’s member states need to work together to adapt WTO rules in a way that accounts for the challenges of the 21st century and provides for a level playing field, fair play and a dispute settlement mechanism able to monitor compliance with the rules in cases where there is a trade conflict.”
In a wake-up call to the WTO members, the G20’s trade ministers committed to this goal in their joint declaration, stating that they want to work together to strengthen the WTO system. Parliamentary State Secretary Wittke said: “We need to keep up this momentum. Next up is the in Buenos Aires at the end of November. Germany will work with its partners to call upon all the heads of state and government of the G20 countries to send a strong message in favour of modernising the WTO.”