The governments of Argentina, Brazil, Colombia, Chile, Guyana, Mexico, Paraguay, Peru and Suriname signed the Buenos Aires Declaration on Sunday (10.12.2017) during the XI Ministerial Conference of the World Trade Organization (WTO), which is taking place in Buenos Aires from December 10 to 13.
The statement defends the "Importance of preserving and defending the multilateral trading system".
The agreement aims to promote "open, transparent, inclusive, non-discriminatory and non-regulated trade" that is equipped "with the tools to meet the challenges of the 21st century," according to a reading of the document by Argentine Foreign Minister Jorge Faurie.
The document also defends the "multilateralism to seize opportunities and defend against challenges, including its dispute settlement mechanism".
The Declaration was signed by the President of Argentina, Mauricio Macri; the President of Brazil, Michel Temer; the President of Paraguay, Horacio Cartes; and the President of Uruguay, Tabaré Vázquez, and officials from the rest of the countries.
Chaired by former Foreign Minister Susana Malcorra, the WTO ministerial summit will be attended by nearly 180 ministers and more than 4.000 delegates from member countries of the organisation.
The document also advocates "multilateralism to seize opportunities and defend against challenges, including its dispute settlement mechanism."
Chaired by former Foreign Minister Susana Malcorra, the WTO ministerial summit will be attended by nearly 180 ministers and more than 4.000 delegates from member countries of the organisation.
Source: Reuters
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