Former German Chancellor, Dr Angela Merkel has stressed the importance of preserving and improving multilateralism as a key tool to foster international collaboration and expand women's participation in international trade.
Dr Merkel said this when she was delivering the seventh lecture in the Presidential Lecture Series at the World Trade Orgainsation (WTO's) headquarters in Geneva last week.
Dr Merkel noted that global institutions like the WTO play a significant role through initiatives such as the Informal Working Group on Women and Trade and various other initiatives that produce empirical evidence of the benefits of multilateralism for women.
Additionally, the WTO collaborates with other international bodies, such as the World Bank, the International Development Fund (IDF) and the Organisation for Economic Cooperation and Development (OECD), to advance policies that enhance women's participation in the global economy.
