Access Quote by Victor Fung
“A multilateral world trade system is our very best hope for addressing the broad range of issues such as market access, tariff and nontariff barriers to trade, trade in services, and trade facilitation.”
About This Quote
Source Speech: Trade Forum, 2015
Multilateral trade offers the best chance to tackle varied global challenges by improving market access, reducing barriers, and facilitating services.
In simple terms: World trade cooperation helps solve many economic issues.
Key Takeaway
Support and strengthen multilateral trade agreements.
Themes
trade
globalization
cooperation
policy
economics
Mood
optimistic
analytical
Type
policy
economic
When to use this quote
- business negotiations
- policy making
- international development
Key Concepts
multilateralism
market access
tariff barriers
trade facilitation
Questions to Reflect On
- How can nations balance sovereignty with trade?
- What barriers are hardest to remove?
A Different Perspective
Political tensions can hinder cooperation.