Chairperson’s Statement on Vital WTO Reforms: A Pathway to Future Trade Success

Thank you, Chair.

The United Kingdom has attentively considered the views expressed by Members today, as well as over the past few weeks. We acknowledge that a variety of concerns have emerged, notably around capacity constraints and the importance of ensuring that every Member can identify aspects of significance and value within this reform initiative.

In response, the United Kingdom is committed to fostering an inclusive process and is open to exploring ideas that facilitate this objective. We also intend to engage constructively on issues that may extend beyond our immediate priorities, and we anticipate that others will reciprocate this approach.

Recognising the Urgency of Reform

Nonetheless, there exists an undeniable urgency surrounding this work. The global landscape continues to shift rapidly and, regrettably, does not seem to heed the timelines established by the WTO. The upcoming MC15 serves as a pivotal milestone in this regard. Whether we welcome it or not, it will be a moment when Ministers will evaluate the tangible progress we have made in addressing the challenges outlined in the document that emerged from Yaoundé. This is a document to which all of us in this room committed to contributing, on a best-efforts basis, despite its lack of formal adoption.

We must also recognise the commendable efforts of our Norwegian colleague, whose work, although not officially adopted at Yaoundé, was instrumental in uniting a significant majority within this room.

The Implications of Inaction

It is crucial to acknowledge that inaction carries its own costs, as highlighted by the World Trade Report, which indicates that these costs could be substantial. At this juncture, I have been informed by my team that 26.6% of the time available before MC15 has already elapsed.

On a more positive note, we have observed encouraging advancements during the plenary sessions thus far. We extend our gratitude to the facilitators for their dedicated efforts, to the Members who have submitted reports, and to all those who have begun the process of engaging with these initiatives.

Looking Ahead with Optimism

There remain valid reasons for optimism, and the UK is prepared to engage promptly with all Members to achieve meaningful progress. Our collective commitment to this endeavour is essential as we navigate the complexities of reform and seek to enhance the efficacy of the WTO.

Thank you, Chair.