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  HOME | Argentina

Argentine President Invites Private, Public Sectors to Set World Trade Rules

BUENOS AIRES – Argentine President Mauricio Macri on Tuesday invited business leaders from around the world to talk with political authorities to define the best rules for international trade.

During his speech at the 11th Ministerial Conference of the World Trade Organization (WTO), hosted by the South American country in Buenos Aires, he emphasized how important the private sector is to these negotiations.

He said that will make sure the conference comes up with “the best ideas” and “the best rules” for global trade, so that it helps achieve the goals Argentina shares with the region and the world: reducing poverty, pinpointing new business opportunities and creating steady jobs.

“We face many challenges ahead, but with good partners it will be much easier to find the best way to deal with them, setting as a priority sustainable development based on a solid consensus,” he said.

“We know the objections provoked by the opening to trade of a country that has been isolated for decades,” the president said, adding that it is therefore important to go forward with “national and international policies that contribute to economic growth and development.”

Macri noted that micro, small and medium enterprises are a “great driver” of private employment and a “fundamental instrument” in emerging markets, where they take on the key role of social inclusion.

All that, he believes, should be based on a “public-private” dialogue, as is being promoted at the forum, organized by the Production Ministry for the WTO Ministerial Conference taking place between Dec. 10-13 at the Hilton Buenos Aires.

“We can’t do it alone,” he said.

After the event, the WTO will distribute a document of priorities of the new world trade agenda, based on rules and recommendations proposed by the international private sector.

According to the organizers, this is a chance to analyze key subjects, such a the internationalization of micro, small and medium enterprises, the opportunities and challenges of electronic trade, the acceleration of technological changes, and the importance of assuring inclusive commerce.

Taking part in the forum are business leaders and political authorities from the countries taking part.

Notable among them are Jack Ma, founder of the Chinese Internet giant Alibaba Group; Sylvie de Wever, general manager for Latin America of eBay; and Marcos Galperin, executive director of the Argentine online shopping firm, Mercado Libre.

Also present are representatives of Despegar, DHL, Ethiopian Airlines, Facebook, Google, Mastercard, Microsoft, Monsanto, OpenBank, Telefonica, Worldpay and more.

 

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