Trade, Industry and Competition Deputy Minister Andrew Whitfield says there is a need for global consensus to ensure that the new opportunities presented by the green economy result in shared prosperity.
He was leading a delegation of officials from the Department of Trade, Industry and Competition (the dtic), in briefing a joint session of the Portfolio and Select Committees on the policy priorities of South Africa’s G20 Presidency and the dtic’s role in this regard.
Tuesday’s session was held ahead of the first Trade and Working Group meeting which will be held virtually later in the day.
The working group is expected to hold further meetings later in the year before the main ministerial meeting in October.
Its primary focus will be on four priority areas, namely, trade and inclusive growth, a responsive trade agenda to address global commons, green industrialisation and the reform of the World Trade Organization.
The Deputy Minister told the Parliamentarians that the G20, as a forum of the largest economies in the world, bears a unique responsibility in ensuring a response to the environmental, social and economic challenges that continue to affect stability and hamper the pursuit of sustainable development.
“A particularly worrisome prospect is the lack of multilateral solutions and cooperative approaches and widening punitive approaches to addressing the issues of global commons and the rise in risks of fragmentation of international trade in the context of the transition to cleaner energy sources.
“We need to ensure that trade and climate/environmental policies should be mutually supportive and are consistent with World Trade Organisation principles contribute to the objectives of sustainable development.
“Mobilising support and resources to tackle the internal disparities driven by the uneven distributional effects of trade and globalisation is critical,” he said.
He said investments into developing countries must move away from “pit to port” activities that promote resource extraction.
“There is a need to promote beneficiation and local value addition of resources at source resulting in an additive rather than an extractive relationship.
“This necessitates finding a requisite balance that ensures that resource-rich countries benefit greatly from their endowments and that investments that contribute to structural transformation and industrial development while there is also a flow of resources to ensure the integrity of global and regional value chains.
“By strengthening and reforming multilateral mechanisms and institutions; by deepening International economic cooperation, we can indeed realise a better world free from the twin scourges of inequality and underdevelopment,” he said. – SAnews.gov.za
Watch a Opportunities presented by green economy must be a shared prosperity related video:
Stunning South Africa:
https://pbs.twimg.com/media/GdPf9TCWYAApS_b.jpg
MyPR.co.za offers free to publish press releases for your news site, blog or offline publication. Use the handy REPUBLISH facility or the Full Text RSS Feeds or just copy and paste.
Straton Electrical | Straton Solar | Straton Prepaid | Straton Plumbing | Straton IoT | Straton eBikes | BA Systems | Mbane Contracting | Reach Trust
Sly Silvermoon
How many official languages are there in South Africa?
Stealth
Interview with a pirate:
There was a pirate who had agreed to do an interview with a local tv station. The reporter was very courteous and professional, giving a bit of background as to the pirate\’s business. She then began interviewing him.
\”So Mr. Longbeard, are there any risks to your business? I see you have a peg leg- how did that come about?\”
\”Well, y\’see I were sailing along the coast of South Africa, looking to plunder some locals when as I boarded the small boat from the ship, a great white shark came up and got my leg clean off. \’twas scary yes, but thus is the life of a pirate.\”
\”Wow, that is pretty scary- well, how about your hook? What happened to your hand with that?\”
\”Oh now that\’s quite the tale, y\’see I were fighting a rival pirate, and we had locked swords. We had been fighting for a few hours, and were both terribly fatigued. I had a bit of exhaustion and confusion, and when I went to block one of his sword blows, I met him with me hand instead of me sword. Took it right off, but it shocked him so much I managed to get him back pretty good and have him submit. So the hook hand was given as a replacement.\”
\”Wow. Simply fascinating. Now, what about your eye patch? How did that happen?\”
\”Well, one day, a seagull was flying overhead, and I looked up. It pooped right in me eye.\”
\”… Well wow. I must admit, I wouldn\’t think just seagull poop could damage the eye that badly.\”
\”Oh, I forgot to mention… it were me first day with the hook.\”