The WTO matters for businesses

At an event organised by BusinessEurope, the Confederation of Swedish Business and the US Chamber on the margins of the WTO's 13th Ministerial Conference (MC13), businesses from Europe and the US highlighted the importance of the WTO in preventing non-tariff and tariff barriers and allowing for the development of more resilient value chains. The WTO needs
 

to remain effective through enforceable rules that support innovation and adjust to today’s digital and green transformation. The business community is keen to see an extension of the e-commerce moratorium, concrete actions to address the appellate body blockage, rules that protect intellectual property and address increasing subsidisation and advances in the plurilateral negotiations.

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Quote of the week

"These agreements contribute to the EU’s efforts to diversify markets for both exports and imports, mitigate risks and build more resilient value chains. This is particularly relevant in the case of critical raw materials, which are fundamental to support the green and digital transformations and European competitiveness."

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