Taiwan's economic activity is very important to global trade integration, while booming global trade will help bring peace to the world, a World Trade Organization (WTO) official said in Taipei Tuesday.
Victor do Prado, director of the Council and Trade Negotiations Committee Division at the WTO, told the media that promoting economic and trade relations among its members is the WTO's core business and that trade not only increases prosperity in countries, but also has been shown to promote world peace. Prado said that since the WTO was established in 1995, the world has undergone rapid growth in the areas of innovation, globalization and technology development.
Prado made the comments after he delivered a keynote speech titled "Trade in a Troubled World -- Can the WTO Help?" at the Center for Integrative Environmental Research (CIER) earlier in the day.
The former Brazilian diplomat said that Taiwan's economic activity is fairly important to global trade integration and that he was surprised at the massive amount of trade between Taiwan and Brazil, adding that the two countries should continue to promote it.
Brazil is Taiwan's top partner in Latin America, with bilateral trade reaching US$3.05 billion in 2015, according to official data.
Asked about his views on whether the Taiwanese government's promotion of its "new southbound policy," which is aimed at enhancing trade and economic relations with countries in Southeast Asia, will affect its push for economic and trade ties with China, Prado said that its members are free to choose which countries they want to carry out trade with, as long as their deals are made in line with WTO rules.
He added that his current visit in Taiwan is aimed at drumming up support for a multilateral WTO trade system.
Source: Focus Taiwan News Channel