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World Trade Organization members urged to address needs of women entrepreneurs – News

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Director-General says women must be at the center of re-globalization



By WAM

Published: Mon 13 Jun 2022, 11:05

World Trade Organization (WTO) Director-General Ngozi Okonjo-Iweala says members of the organization must step up efforts to ensure trade and trade rules better serve women amid disruption caused by multiple seizures.

She made the remarks at the joint WTO-International Trade Center (ITC) event titled “Unlocking Trade for Women’s Empowerment and Sustainable Development” held on 12 June, the first day of the 12th Ministerial Conference (MC12).

The event highlighted the views of entrepreneurs and enabling organizations to effectively increase women’s participation in international trade.

“We need to deepen and diversify supply networks and bring more countries and communities from the economic margins to the mainstream. In this process, which I see as re-globalization, women must be at the center,” Okonjo-Iweala said in her opening speech at the event.

“Liberating trade for women’s empowerment and sustainable development is not just the right thing to do. It is an economic question. It is a social problem. This is the key question,” she said, noting the potential increases in global output, wages and employment when the gender divide is addressed.

“A strong and effective CMO is essential for these women, which is one more reason why achieving CM12 results this week is so important,” Okonjo-Iweala said. “We want to make sure people know that the WTO is about people. It’s not just about rules – it’s about rules that help people.”

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