WTO Committee on Market Access Holds Final Thematic Session on Supply Chain Resilience
The World Trade Organization's Committee on Market Access held its final meeting of a series of thematic sessions on supply chain resilience on Jan. 17, the WTO said. The session gave examples of multilateral and regional initiatives on supply chain resilience and how the WTO can support members via trade policy.
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The session featured a "range of themes, including the different kinds of instruments that can be used to build resilience, free trade agreements (FTAs), specific bilateral cooperation frameworks and their contribution to the reduction of policy divergences, and the importance of reducing issues affecting connectivity across borders."
The United Nations Economic and Social Commission for Asia and the Pacific gave a presentation at the meeting, introducing the Trade Intelligence and Negotiation Adviser tool, which was developed to help negotiate trade agreements by providing insights into current tariffs, non-tariff measures, agreements and bilateral trade flows, the WTO said. The tool lets negotiators "build a negotiating list, simulate tariff liberalization, and analyze trade patterns."
The U.S. also discussed its strategy for supply chain resilience, which includes collaboration with partners in multilateral organizations. China gave a presentation as well, introducing its 2024 Global Supply Chain Promotion Report, which provided a summary of the "main features of the global supply chain promotion system." China also introduced the Global Supply Chain Promotion Index, the "world’s first index to quantitatively evaluate the level of global supply chain promotion."