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WTO to host Global Supply Chain Forum

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Geneva, 15 March 2022 (TDI): The World Trade Organization (WTO) is set to host the Global Supply Chain Forum on March 21, 2022. This Forum will look at ways to ease and reduce barriers to trade that have arisen from the COVID-19 pandemic. The event will be held virtually with the live streaming available on the WTO website.

The objectives of the Forum

The forum aims to use the World Trade Organization’s organizing power to bring together countries and shipping partners, organizations to build a 360-degree picture of the challenges that currently plague the supply chain. Additionally, the forum will also work towards formulating solutions to begin shaping sustainable and inclusive solutions.

Ever since the advent of COVID-19, shipping and logistic companies from around the world have faced supply chain disruptions. Subsequently, these disruptions have greatly hampered their business and revenue including rising inflation, increased shipping rates logjams, related to shipping, and shortages.

However, these supply chain disruptions negatively affect the flow of goods from one country to another. Besides, it also affects the progress of the world to go towards normalcy post-pandemic era.

WTO members and stakeholders from around the world will share their perspectives and ideas to ease supply chain disruptions while also identifying the underlying causes for the reason of these disruptions. Collectively, they will also point out the resources, interventions, and innovations needed to ease crippling disruptions and price hikes.

The Forum will be opened by an address from the World Trade Organization Director-General Ngozi Okonjo-Iweala. In addition to the stakeholders, the forum will also be attended by WTO members and representatives from shipping, trading as well as logistics companies.

Participants will look at ways the WTO can play its role in bettering the global supply chain amidst these challenges while also looking at ways in which regional partners and sectors can team up to ease the disruptions.

 

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