Baku: China supports Azerbaijan's early accession to the World Trade Organization (WTO), as stated in the Joint Statement signed by President Ilham Aliyev and President Xi Jinping of the People's Republic of China, APA reports.
According to Azeri-Press News Agency, both countries emphasize the importance of reforming the international financial system to better reflect the evolving global economic landscape. This joint effort underscores their commitment to enhancing global trade relations and ensuring that the financial architecture adapts to contemporary economic developments.
The statement also highlights the shared advocacy for the liberalization and simplification of trade and investment processes. Both nations express their opposition to unilateralism, protectionism, despotism, and violations of established world trade rules. The leaders stress the importance of defending the multilateral trading system, emphasizing that such efforts are crucial for achieving mutual prosperity and stability in the global market.