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WTO to support trade-oriented measures in Azerbaijan

21 October 2024 18:44

The Secretariat of the World Trade Organization (WTO) will support trade-oriented activities at the Baku Global Climate Conference COP29.

On November 14, Azerbaijan, in its capacity as chair of COP29, will jointly organize a "Day of Climate Finance, Investment, and Trade" with the International Chamber of Commerce (ICC), the International Trade Centre (ITC), the United Nations Conference on Trade and Development (UNCTAD), and the WTO, Caliber.Az reports, citing the WTO.

With Azerbaijan's support, the WTO Secretariat and its partners (ICC, ITC, UNCTAD) will set up "Trade and Investment House" pavilions in both the "blue" zone (Pavilion Area B4) and the "green" zone (Pavilion Area D10).

WTO Director-General Ngozi Okonjo-Iweala will also participate in the World Leaders' Summit and other high-level events at the "Trade and Investment House."

The World Trade Organization (WTO) is the only global international organization dealing with the rules of trade between nations. The Organization's goal is to ensure that trade flows as smoothly, predictably and freely as possible.

The WTO acts as a forum for negotiating trade agreements, settles trade disputes between its members and supports the needs of developing countries.

By Khagan Isayev

Caliber.Az
Views: 33

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