WTO / WORLD TRADE REPORT

12-Sep-2023 00:03:39
The 2023 edition of the WTO’s World Trade Report presents new evidence of the benefits of broader, more inclusive economic integration as early indications of trade fragmentation threaten to unwind growth and development. WTO
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STORY: WTO / WORLD TRADE REPORT
TRT: 03:39
SOURCE: WTO
RESTRICTIONS: NONE
LANGUAGE: ENGLISH / NATS

DATELINE: 12 SEPTEMBER 2023, GENEVA, SWITZERLAND
SHOTLIST
1. Wide shot, WTO exterior with Public Forum banners
2. Med shot, Public Forum participants passing "Welcome" banner
3. Med shot, WTO entrance
4. Med shot, arrival of WTO economists in press conference room
5. Wide shot, press conference room with journalists
6. Med shot, journalists take photos of WTO economists
7. Close up, Ralph Ossa showing copy of World Trade Report
8. SOUNDBITE (English) Ralph Ossa, WTO Chief Economist:
"The World Trade Report 2023 asks a big question: What is the role of international trade in building a more secure, inclusive and sustainable world?"
9. Close up, photographer
10. Close up, journalist reading World Trade Report
11. Close up, journalist taking notes
12. SOUNDBITE (English) Ralph Ossa, WTO Chief Economist:
"While it's widely acknowledged that international trade brings about large efficiency gains, it is increasingly argued that some of these gains need to be sacrificed in order to pursue more important policy objectives, in particular maintaining peace and security, reducing poverty and inequality, and achieving a sustainable economy."
13. Wide shot, press conference room
14. Close up, journalist taking notes
15. Close up, hands typing
16. SOUNDBITE (English) Ralph Ossa, WTO Chief Economist:
"While trade continues to thrive in many ways, trade tensions are rising, and first signs of fragmentation are emerging."
17. Close up, tilt journalist listening and taking notes
18. Close up, photographer
19. Wide shot, press conference room
20. SOUNDBITE (English) Ralph Ossa, WTO Chief Economist:
"However, talk of de-globalisation is still far from supported by the data. Bilateral trade between China and the United States reached a record high in 2022. Trade was remarkably resilient during the COVID-19 pandemic, bouncing back to pre-pandemic levels less than a year after the first wave of lockdowns and trade in digitally delivered services remained strong all along, growing at an average rate of 8.1 percent between 2005 and 2022."
21. Close up, journalist listening
22. Close up, journalist listening
23. Close up, Ralph Ossa seen through camera lens
24. SOUNDBITE (English) Ralph Ossa, WTO Chief Economist:
"We need to embrace trade instead of rejecting it if we want to overcome the most pressing challenges of our time. In particular, the report makes the case for extending trade integration to more economies, to more people, and also more issues. A process that we call re-globalisation.”
25. Wide shot: journalists raising hands in Q and A part
26. Med shot, journalists taking notes
27. Wide shot, journalists listening
28. Close up, journalists listening
29. SOUNDBITE (English) Victor Stolzenburg, World Trade Report Coordinator:
"Every economy participating in re-globalisation by putting international cooperation first, by not acting unilaterally, sends a message to all the other members. And it doesn't matter if these countries are big or small. I think every country can do its part by putting cooperation first to make sure that re-globalisation works. And the evidence in the report shows that re-globalisation is the best way forward to address the key challenges of today."
30. Close up, Public Forum logo
31. Close up, banner "It is time for action"
STORYLINE
World Trade Report 2023 makes case for “re-globalization” amid early signs of fragmentation.

The 2023 edition of the WTO’s World Trade Report presents new evidence of the benefits of broader, more inclusive economic integration as early indications of trade fragmentation threaten to unwind growth and development.

The flagship publication, launched on 12 September, features findings on how re-globalization — or increased international cooperation and broader integration — can support security, inclusiveness, and environmental sustainability.
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