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President Marcos urged member economies of the World Trade Organization (WTO) to restore the founding principles of free and open trade, warning that current global trends are moving in the opposite direction.

Marcos said this after the 32nd Asia-Pacific Economic Cooperation (APEC) Economic Leaders’ Meeting dropped any mention of the WTO in the Gyeongju Declaration, the outcome document of the summit.

READ: https://mb.com.ph/2025/11/02/marcos-calls-for-return-to-wtos-free-market-principles

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Transcript
00:00Sir, having said about things about multilateralism, and you mentioned WTO in one of your speeches,
00:08what's the take of the other member countries? Were you able to discuss further with them regarding that?
00:13About WTO?
00:14Yes, thank you.
00:15The fear that everyone is feeling now is that the principles and the strictures that guided the creation of WTO
00:29are no longer in place, or at least no longer effective.
00:34And a great deal of what was spoken about is that we have to return to the free market principles that WTO was created for.
00:46And now, our first idea is that WTO will help us open markets between countries.
00:57And that's not, that's not what we're not, the trend now is the opposite, is closing markets.
01:10Now, China is the one who's saying, well, let's open more markets.
01:16And the comment that we have, the world is really turning. Things are changing.
01:24Now, when we are working on our channel, we have noticed that we have to be working on climateύ North.
01:27so, one making the plan was our turn.
01:27Now, the way to transport our natalism into the concept is that the recovery cards,
01:29we have to turn, we'reуп piano or two fiats that we are putting together into
01:35in, and the way to transport the contest andwijze, right.
01:35One interest is turning here.
01:37It's the first one that we do not put together in a way ,
01:42is it turning?
01:43In the beginning of the world and I pushing for are not to right.
01:46So, if you are, as you can find out is through a plan.
01:47the let's write down or put together,
01:49I'm at the low interest tide nurturing one side.
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