Trade can be a powerful engine for development and has lifted hundreds of millions out of poverty. But we need to ensure that trade is a factor of fair, inclusive and sustainable growth for developing countries in the next decades.
To this end, our executive director Mike Debelak last week participated on the panel for the “Development & Trade link and the Agenda2030” session at the 2016 European Development Days.
Discussions, which also also featured Cecilia Malmström, EU Trade Commissioner; Arancha González, executive director International Trade Center; Stefan Nalletamby, financial sector director African Development Bank and Nestor Dehouindji, economist based in Benin, concerned how the private sector needs to be a driver of sustainable development – especially since the Agenda2030 offers big business opportunities. The panel also discussed how sustainable development requires both investments in both hard and soft infrastructure, how a particular focus needs to be paid to the needs of young people, and how both trade and development policies need to be sustainable and inclusive.