WTO and UNCTAD Sign Declaration Increasing Cooperation

12 October 2015

The World Trade Organization (WTO) and the United Nations Conference on Trade and Development (UNCTAD), represented by WTO Director-General Roberto Azevêdo and UNCTAD Secretary-General Mukhisa Kituyi, signed a Joint Declaration on 12 October 2015 that reaffirms their commitment to strengthen cooperation on promoting trade as a tool for development.

Director-General Azevêdo highlighted the common goal of both organizations in helping developing countries, especially the least-developed countries (LDCs), integrate into the global economy, while UNCTAD Secretary-General Kituyi called the move toward closer collaboration between UNCTAD and the WTO “an important step” if LDCs are to reach a 2% share of world trade by 2020.

The Joint Declaration acknowledges trade as an important driver of development and reiterates the importance of reaching concrete and substantive development outcomes at their upcoming meetings – WTO's 10th Ministerial Conference on December 2015 and UNCTAD's Fourteenth Session in 2016. It also reinforces the commitment of WTO and UNCTAD to bolster cooperation in key areas of their work, including trade related technical assistance and capacity-building, trade facilitation, global value chain, standards, non-tariff measures, research in trade and development, trade and investment, assistance to LDCs, electronic commerce, commodities, and the UN's Sustainable Development Goals.

The signing ceremony took place at the WTO Headquarters in Geneva, prior to the start of an event commemorating WTO's 20th anniversary, which discussed what has been achieved so far in helping integrate LDCs into the multilateral trading system and what WTO Members can aim to achieve in the future.


Related Links:

National Hydroelectric Power Corporation Limited (NHPC) and the PTC India Limited (formerly Power Trading Corporation of India Limited)...

Read More


Bangladesh Railways plans to convert the Dhaka-Chattogram railway line from meter gauge to broad gauge by 2027 with...

Read More


The National Highways Logistics Management Limited (NHLML), Inland Waterways Authority of India (IWAI) and Rail Vikas Nigam Limited...

Read More


Maldives’ Hanimaadhoo International Airport will be redeveloped by JMC Projects Limited of India. According to Maldives’ Economic Ministry,...

Read More


Officials of the Governments of Bangladesh and Nepal attended a luncheon hosted by Mr. Md Shahriar Alam, State...

Read More


Bangladesh Prime Minister Sheikh Hasina reiterated her offer of access to Bangladesh’s Chittagong and Mongla seaports and Syedpur...

Read More


Maldives President Ibrahim Mohamed Solih’s visit to India highlighted the growth in people-to-people ties between India and Maldives....

Read More