Ecuador integrates and co-directs the Coalition of Trade Ministers on Climate, in Switzerland

More than 50 trade ministers, representing 27 countries from all regions and levels of development on the planet, launched this Thursday, January 19, in Davos, Switzerland; a Coalition of Trade Ministers on Climate, a high-level political dialogue forum that aims to foster global action to promote trade policies that help address climate change through local and global initiatives.

Attracting new investments and generating environmental protection strategies marked the agenda of President Guillermo Lasso in Davos

The inaugural meeting took place within the framework of the Annual Meeting of the World Economic Forum in Davos, informed the Ministry of Production, Foreign Trade, Investment and Fisheries, whose head, Julio Prado, co-directed the meeting together with the trade ministers of the Union European, Kenya and New Zealand.

Prado was also part of the stakeholder roundtable with representatives from international organizations, businesses, NGOs, and academics.

The coalition seeks inclusive international cooperation to identify ways in which trade policy can contribute to addressing climate change. In addition, the initiative also calls for the commitment of other ministers working on climate, environment, finance and development, fostering collective action that will contribute positively to the climate agenda.

A prominent element of the coalition’s agenda, according to the Ministry, is to identify ways in which trade policies can support developing countries to face the risks of climate change.

Work will focus on finding trade-related solutions to the climate crisis in line with the United Nations Framework Convention on Climate Change (UNFCCC), the Paris Agreement and the Sustainable Development Goals, while supporting efforts on this area in the World Trade Organization. (WTO). (YO)