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G20 leaders call on WTO reform - declaration

They remain committed to conducting discussions with a view to having a fully and well-functioning dispute settlement system

NEW DELHI, September 9. /TASS/. Leaders of G20 nations have urged to reform the World Trade Organization (WTO), according to a final declaration of the New Delhi summit of the group.

"We reiterate the need to pursue WTO reform to improve all its functions through an inclusive member-driven process, and remain committed to conducting discussions with a view to having a fully and well-functioning dispute settlement system accessible to all members by 2024," the document reads.

"We reaffirm that a rules-based, non-discriminatory, fair, open, inclusive, equitable, sustainable and transparent multilateral trading system, with WTO at its core, is indispensable. We will support policies that enable trade and investment to serve as an engine of growth and prosperity for all," G20 countries noted.

The summit in New Delhi is running in an in-person format on September 9-10. Invitations were sent to all G20 leaders, as well as heads of nine other countries: Bangladesh, Egypt, Spain, Mauritius, Nigeria, the Netherlands, the UAE, Oman and Singapore. Russia is represented at the summit by Russian Foreign Minister Sergey Lavrov.

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