Get Full Government Meeting Transcripts, Videos, & Alerts Forever!
Get email alerts on the Trade Rules topic
No spam. Unsubscribe anytime.
Presenter calls on WTO and multilateralism to prevent weaponization of critical minerals
Summary
In remarks to the Security Council, the presenter urged reforms to rules-based trade and a stronger WTO role to reduce the incentive for powerful states to use market access as leverage over resource producers.
The Presenter argued that an open, rules-based global economy can help resource-rich developing countries "move up the value chain," providing diversified markets and access to investment and technology. He said WTO rules on transparency and nondiscrimination reduce opportunities for economic coercion and exclusive supply arrangements.
Addressing the Council's mandate for shared rules, the Presenter said reforms are needed to make multilateral institutions more flexible and effective in the face of technological and geopolitical change. "Strengthen the international rule of law, not the rule of power," he said, tying trade rules directly to reduced risk of exploitation and coercion.
