Excerpt: “The Ministers voiced serious concerns about the rise of unjustified unilateral protectionist measures inconsistent with WTO rules, including indiscriminate raising of reciprocal tariffs and non-tariff measures, such as the abuse of green policies for protectionist purposes. They warned that such measures disrupt global supply chain and bring more uncertainty to the global economy. In this regard, they called upon all sides to take measures to defend free trade and multilateral trading system, with a view to addressing current trade challenges and fostering a favorable trade and investment environment for all, especially for EMDCs and developing countries. In the year of the 30th anniversary of the World Trade Organization (WTO), they recognized that it is the only multilateral institution with the necessary mandate to set the rules for the multilateral trading system and lead on the multiple trade dimensions, including the development dimension, of international trade discussions. They reaffirmed their commitment to continue to promote the necessary reform of the WTO to improve all its functions while strengthening its foundational principles. They underscored the need to strengthen the WTO in light of emerging arbitrary unilateral and protectionist measures. They regretted that the 2024 deadline for the full restoration of the two-tier dispute settlement system expired without a result and remained committed to having a fully and well-functioning dispute settlement system accessible to all Members as a matter of urgency. They reiterated their commitment to enhancing dialogue on multilateral trading system and WTO-related issues through the BRICS Informal Consultative Framework on WTO and agreed to participate actively in the preparation for the WTO 14th Ministerial Conference (MC14), to be held in 2026, and to contribute to the achievement of concrete outcomes. They took note of and strongly supported Ethiopia’s bid for accession to the WTO.”
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