Photo: Norway MFA.Photo: Norway MFA

Norway to host informal ministerial meeting on trade

The Norwegian Minister of Foreign Affairs Børge Brende has invited trade ministers from 24 WTO-countries to Oslo between 21. – 22. October for an informal ministerial discussion on the future of WTO. International cooperation and multilateral trade deals are important for growth in the international economy, Minister of Foreign Affairs Børge Brende said.

Trade ministers Steve Ciobo from Australia and Todd McClay from New Zealand are among those who will attended the event. Other attendants include U.S. Trade Representative Michael Froman, the EU commissioner for trade Cecilia Malmström, as well as the WTO director-general Roberto Azevêdo.

Norway recognises that increasing trade and investments are decisive components for revitalizing the world economy. WTO plays a crucial role in this as it remains the central forum for multilateral trade negotiations and the development of a global set of trade rules. To this end, Børge Brende was one of three key facilitators of the work with the ministerial declaration made in Nairobi in 2015.

The meeting aims to reinvigorate the trade negotiations and secure the progress made at the Nairobi Ministerial Conference in December 2015  and set the stage for  the 11th WTO Ministerial Conference in Buenos Aires in 2017. The meeting will be a chance to present new ideas and approaches to the ongoing trade negotiations and to discuss the future direction of WTO as an organization in the longer term.

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