Pakistan has been elected to Chair the World Trade Organisation (WTO) 2021 committee on trade and development (CTD).
In this regard, Adviser to Prime Minister on Commerce, Abdul Razak Dawood, in a tweet announced that the Ministry of Commerce is happy to share that Pakistan has been elected to chair the CTD this year.
The Ministry of Commerce is happy to share that Pakistan has been elected to Chair the “Committee on Trade & Development (CTD)” of the World Trade Organisation (WTO) for 2021. CTD was established in 1965 in GATT (now WTO) for economic development of Developing Countries…1/2 pic.twitter.com/AhroleJOBM
— Abdul Razak Dawood (@razak_dawood) March 5, 2021
He expanded that the CTD was “established in 1965 in GATT (now WTO) for the economic development of Developing Countries”
Its inception came, in particular, to deal especially with issues related to the “Enabling Clause” to provide non-reciprocal trading preferences to developing countries, keeping in mind the Generalized System of Preferences, or GSP.
“Under Pakistan’s leadership, the CTD would strive to work for the expansion of trade & investment opportunities for Developing Countries,” he said.