New Zealand teams up with Ecuador, Kenya, and EU to forge cooperation on trade and climate & More News Here

The Trade Ministers of the European Union, Ecuador, Kenya and New Zealand have agreed to work collectively to forge an inclusive Coalition of Trade Ministers on Climate. This displays their shared dedication to bringing the struggle in opposition to climate change to the forefront of trade coverage.

The Ministers need to improve Ministerial-level dialogue so trade and trade insurance policies can help the Paris climate objectives, sustainable growth, environmental sustainability and a simply transition.

On Monday, they met Trade Ministers from a various group of nations to begin a dialogue and improve worldwide cooperation on the trade and climate nexus and its contribution to sustainable growth and environmental sustainability.

The co-leads will meet in July to determine on the following steps for the creation of this new coalition. They will take into consideration the views expressed by the Ministers. Subsequently, the co-leads plan to organise the primary Coalition assembly early subsequent 12 months.

New Zealand Minister for Trade and Export Growth Damien O’ Connor stated “We know what challenges lie ahead from climate change; we know what we need to do; we know what we can do through trade policy; and we have the tools to do the job. We now have the platform to mobilise our common will to fix the problem and to cooperate to pull the many threads of action together in a coherent and effective way. The Climate Coalition is a timely and critical initiative that brings Ministers together to provide high level political direction to support technical work at the WTO, and to ensure that actions in the WTO, APEC, G20, G7 and other forums are pulling in the right direction, that there are no gaps in critical areas, and resources are directed to the right priorities and not wasted.

European Commission Executive Vice-President and Commissioner for Trade, Valdis Dombrovskis, said “I am proud to be working together with the Ministers of Ecuador, Kenya, and New Zealand on this inclusive platform to strengthen collaboration on trade and climate and environmental sustainability. Fighting climate change is an EU priority. We know that trade plays an important role in tackling this generational challenge, which is why our new EU trade strategy is the greenest ever. But climate change is a global problem and only by working together we can find truly global solutions. This Coalition will build a joint action to tackle the climate crisis in a fair manner through trade policy.”

Vice Minister of Foreign Trade of Ecuador, Daniel Legarda, stated “To tackle pressing environmental challenges is not only ethical and the right thing to do, it is also economically sound. Climate change, along with pollution and biodiversity loss require a collective and coordinated global response, including on trade dimensions. We are delighted to be working with the European Union, Kenya and New Zealand on a shared vision of forging an inclusive and high – level dialogue on trade and climate and its contribution to sustainable development. As we build cooperation on trade and trade policies that support ambitious climate action – inclusiveness, leadership and trust at the highest-level will be vital to a just transition.”

Kenya’s Cabinet Secretary for Industrialization, Trade and Enterprise Development, Betty Maina, stated “We should all be cognizant of the fact that climate change is one of the triple planetary environmental crises affecting the globe and therefore, the Coalition of Trade Ministers on Climate will work extensively to provide a unique platform for top-level engagement on the trade and climate nexus. Trade should not only empower and improve the livelihoods of communities but should also serve as a catalyst for climate solutions by transitioning to more circular economy-driven development. Kenya, like many countries, has been adversely affected by climate change and has taken bold steps to adapt and mitigate the impact. We are therefore taking another timely and critical step to work together with like-minded countries to fulfill the shared global responsibility of ensuring that trade and trade policy play their expected role in mitigating the adverse effects of climate change, in recognition of our joint commitment to implement the promises we made in the Cop 26 Glasgow Climate Pact.”

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