Malaysia has called for timely reforms to the World Trade Organisation (WTO), emphasising fairness and security in global trade. Prime Minister Dato’ Seri Anwar Ibrahim highlighted these priorities during discussions with WTO Director-General Dr Ngozi Okonjo-Iweala, who visited Malaysia from 6 to 8 December 2024. The visit, hosted by the Ministry of Investment, Trade, and Industry (MITI), marks her inaugural trip to the country.
The Prime Minister stressed the urgency of restoring the WTO’s dispute settlement mechanism and fostering inclusive dialogue to address the concerns of all members, especially developing nations. Their discussions also covered pressing issues, including rising trade protectionism and the weakening credibility of the WTO in overseeing global trade rules.
MITI Minister Tengku Datuk Seri Utama Zafrul Aziz echoed the Prime Minister’s sentiments, reaffirming Malaysia’s commitment to being a dynamic trade hub. He emphasised the need for global trade to remain inclusive and sustainable, urging the WTO to support equitable access to green technologies, climate financing, and capacity building for developing nations.
“Malaysia stands firmly committed to upholding the principles of the multilateral trading system (MTS). As a highly trade-dependent nation, we recognise the importance of fostering a fair and inclusive global trade environment that benefits all nations, particularly in today’s complex geopolitical landscape,” Tengku Zafrul stated. He also noted Malaysia’s readiness to leverage its ASEAN Chairmanship in 2025 to advocate for regional and global trade stability.
Dr Ngozi Okonjo-Iweala commended Malaysia’s proactive leadership under the Prime Minister, recognising its unique role as a middle power nation capable of bridging economic divides. She expressed optimism about Malaysia’s potential to champion WTO reforms and promote global trade stability during its ASEAN Chairmanship.
The WTO Director-General’s visit also featured a fireside chat with senior government officials. Discussions centred on challenges faced by integrated economies in a multipolar world, the influence of artificial intelligence on trade, and the increasing importance of digital commerce. These engagements reinforced Malaysia’s commitment to advancing global trade partnerships and building a resilient, equitable, and rules-based trading system.
As the sole global organisation regulating international trade, the WTO plays a pivotal role in ensuring trade flows freely and predictably. Representing 166 member states and over 98% of global trade, it remains integral to shaping a balanced and inclusive trade environment.
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