Discussion about WTO reform must be inclusive, said WTO Director-General Roberto Azevêdo at a meeting of the full membership on 16 October. He also pointed to the links between this debate and efforts to solve the rising trade tensions between some major trading partners.
The African Union Commission, Economic Commission for Africa and African Development Bank pledged to continue working together to influence, strengthen and enable the transition to climate-resilient development in Africa through responsive policies, plans and programmes focusing on building transformed economies and healthy ecosystems on the continent.
Conclusions from the final meeting of the year of the G20 Anti-Corruption Working Group, held in France on 8-9 October 2018, will be submitted at the G20 Leaders’ Summit in Buenos Aires next month. The meeting addressed how to improve standards of transparency and accountability across the G20.
“Transparency and the rule of law are pillars that put people at the centre of our agenda,” said Argentine President, Mauricio Macri said at the first ever J20 meeting in Argentina. “Co-operation and dialogue between judicial systems are key to addressing global challenges.”
The outlook of the global economy remained positive, while global growth projections remained steady, it was agreed at the fourth G20 Meeting of Finance Ministers and Central Bank Governors in Indonesia. The global economic leaders discussed risks to the world economy and infrastructure development, among other topics.
The 2018 edition of the WTO’s flagship publication, the World Trade Report, finds that digital technologies will have a profound impact on global trade, adding up to 34 percentage points to trade growth by 2030 thanks to lower costs and higher productivity. However, they could also create a challenging environment for those seeking to keep up with the latest innovations.
The BRICS Business Council’s South African chapter opened the inaugural BRICS 2018 Future Skills Challenge and Expo to discuss the future of work. The aim was to achieve and increase, among other things, bilateral and multilateral co- operation between BRICS countries as far as skills development for Industry 4.0 were concerned.
Designing tools to finance infrastructure projects and multilateral trade was a focus of discussion at the Summit of the Business 20 (B20), attended by business leaders from around the world.
Increasing the generation of domestic sources of revenue is key to funding the Sustainable Development Goals. Often the countries that face the steepest development challenges also face the greatest challenges in collecting taxes – leading to chronic underinvestment in physical and human capital. This debate, on 10 October 2018, is part of the International Monetary Fund and World Bank meetings, 8-14 October 2018, in Bali, Indonesia.
The GEGAfrica project has been funded by UK aid from the UK government; however the views expressed do not necessarily reflect the UK government’s official policies.