With the COVID-19 crisis and the climate emergency negatively impacting the three dimensions of sustainable development (economic, social and environmental), what the world needs is a more coherent policy mix to protect the planet and ensure more inclusive development.
Inevitably, this must include trade policy. However, designing a coherent policy mix is a challenge. Some policy tools may contribute to environmental sustainability but may appear protectionist, while some trade-enhancing economic policies may appear adversary to the progress of a green/blue economy.
The high-level segment will discuss the lessons that could be drawn from the current crisis and the policy responses needed to make sure that trade can be key to a green recovery process. The panel will also address how to reduce trade tensions and strengthen multilateralism, ensuring that trade does not revert to a pre-crisis status quo.
Speakers:
- H.E. Mr. Piyush Goyal, Minister of Commerce and Industry, Government of India
- Ms. Ngozi Okonjo-Iweala, Director-General, World Trade Organization
- Mr. Valdis Dombrovskis, European Commission Executive Vice-President and Commissioner for Trade, European Union
- Ms. Amani Abou-Zeid, Infrastructure and Energy Commissioner, African Union
- Ms. Rebeca Grynspan, Secretary-General, Ibero-American General Secretariat
Moderator:
- Ms. Isabelle Durant, Acting Secretary-General, UNCTAD
Piyush Goyal is the Minister of Railways; Commerce & Industry; Consumer Affairs and Food & Public Distribution, Government of India. Deputy leader of the Rajya Sabha.
He was earlier the Minister of Railways and Coal (2017-19). He has also held additional charge of Minister of Finance and Corporate Affairs twice in 2018 and 2019. Earlier he was Minister of State (Independent Charge) for Power, Coal, New & Renewable Energy (2014-2017), and Mines (2016-17). Mr Goyal’s tenure has seen Indian Railways achieve its best ever safety record in 2018-19. This was achieved through holistic measures such as elimination of Unmanned Level Crossings (UMLCs) from the broad gauge network, production of safer coaches etc. Additionally, Mr. Goyal oversaw the launch of the first indigenous semi-high speed train Vande Bharat Express between Delhi and Varanasi.
The Power, Coal and New & Renewable Energy ministries led transformational changes in India’s power sector including the fast tracking of electrification of the nearly 18,000 unelectrified villages in some of the remotest and inaccessible parts of the country, the roll out of the most comprehensive power sector reform ever (UDAY), the success of the world’s largest LED bulb distribution programme (UJALA) for energy efficiency, and massive proliferation of renewable energy through the world’s largest renewable energy expansion programme. Other achievements include the elimination of coal shortages to improve the energy security of India and successful conduct of transparent e-auctions of coal blocks. He also received the 4th Annual Carnot Prize in 2018 recognising the pathbreaking transformations in India’s energy sector. During his 35 year long political career, Mr Goyal has held several important positions at different levels in the world’s largest political party, the Bharatiya Janata Party (BJP) and is in its National Executive. He has been the National Treasurer of the Party. In the 2019 Indian General Elections, he was a member of the Manifesto and Publicity Committees. He also headed the BJP’s Information Communication Campaign Committee for the Indian General Elections 2014.
Mr Goyal has had a brilliant academic record – all-India second rank holder Chartered Accountant and second rank holder in Law in Mumbai University. He was a well-known investment banker and has advised top corporates on management strategy and growth. He also served on the Board of India’s largest commercial bank, the State Bank of India and Bank of Baroda. He was also nominated by the Government of India to the Task Force for Interlinking of Rivers in 2002. His father, Late Vedprakash Goyal was Union Minister of Shipping, and the National Treasurer of the BJP for over two decades. His mother Chandrakanta Goyal was elected thrice to the Maharashtra Legislative Assembly from Mumbai. He is married to Seema, an active social worker, and has two children – Dhruv and Radhika, who have both graduated from Harvard University, USA.
Dr Ngozi Okonjo-Iweala is the Director-General of the World Trade Organization (WTO). She is an economist and international development expert with over 30 years of experience.
She was Chair of the Board of Gavi, the Vaccine Alliance (2016 – 2020), the African Risk Capacity (2014 – 2020) and Co-Chair of The Global Commission on the Economy and Climate. Previously, she served as Senior Advisor at Lazard and sat on the Boards of Standard Chartered PLC and Twitter Inc.
Dr Okonjo-Iweala was appointed as an AU COVID-19 Special Envoy and WHO COVID-19 Special Envoy. Dr Okonjo-Iweala served twice as Nigeria’s Finance Minister (2003-2006, 2011-2015), the first woman to hold the position, and spent a 25-year career at the World Bank rising to the No.2 position of Managing Director.
In 2020 Dr Okonjo-Iweala was named Forbes African of the Year. She has been ranked by Fortune as one of the 50 Greatest World Leaders (2015) and by Forbes as one of the Top 100 Most Powerful Women in the World consecutively for four years. She holds a Bachelor’s in Economics from Harvard University and a PhD from the Massachusetts Institute of Technology.
Dr. Amani Abou-Zeid is the twice-elected African Union Commissioner in charge of Infrastructure, Energy & ICT. For more than 30 years, Dr Abou-Zeid has served in leadership positions in international organizations and has amassed a remarkable mix of experience from across continents and stakeholders.
She has managed AfDB largest operational portfolio and implemented national and continental multi-sectoral development programmes, including the world’s largest solar power plant. She launched the Single African Air Transport Market, African Single Energy Market, First African Digital Transformation Strategy as well as 2nd 10-year Programme for Infrastructure Development in Africa - thus, delivering on major continental initiatives for African Integration under African Union Agenda 2063.
An Egyptian national, Dr Abou-Zeid holds a BSc in Electrical Engineering, Cairo University; MBA, Université Senghor; MPA, Harvard University; and Ph.D. Economic Development, The University of Manchester.
Dr. Abou-Zeid sets the example for women in STEM and in leadership positions; She is long named and recognised as champion of gender equality and is often voted one of Africa’s most influential women.
Rebeca Grynspan, of Costa Rica, became UNCTAD's eighth Secretary-General on 13 September 2021 and is the first woman to lead the organization.
Prior to her UNCTAD appointment, she was the Ibero-American secretary-general from 2014 to 2021, also the first woman to head the organization. During her mandate, she has coordinated the 22-member Iberoamerican Conference and led four key summits of Heads of State and Government.
In 2010 she was appointed Under-Secretary-General of the United Nations and Associate Administrator of the United Nations Development Program (UNDP) and prior to that was UNDP Regional Director for Latin America and the Caribbean.
Prior to joining the United Nations, Ms. Grynspan served as Vice-President of Costa Rica from 1994 to 1998. She was also Minister of Housing, Minister Coordinator of Economic and Social Affairs, and Deputy Minister of Finance. In 2021 she was named Special International Advisor to the newly created Economic and Social Council of Argentina and invited to join as member of the G20 High-Level Independent Panel on Financing the Global Commons for Pandemic Preparedness and Response.
In addition to her experience as a lecturer and advisor to several international organizations, she has been actively involved in key United Nations initiatives, such as the Millennium Project's Task Force on Poverty and Economic Development and the High-level Panel on Financing for Development.
In 2014 and 2015, she was recognized as one of the 50 leading intellectuals of Latin America. And she was recognized as one of the 100 most powerful women in Central America by Forbes magazine.
Ms Grynspan holds a degree in Economics by the University of Costa Rica and a MSc in Economics by the University of Sussex. She has been awarded a Doctorate Honoris Causa by the University of Salamanca, the University of Extremadura and the European University of Madrid in recognition of her outstanding professional achievements.
Ms. Isabelle Durant, of Belgium, is Deputy Secretary-General of UNCTAD. From February to 12 September 2021, she headed the organization as Acting Secretary-General before the appointment of a new UNCTAD Secretary-General on 13 September 2021. Prior to holding this position, she served the organization for over three years as UNCTAD’s Deputy Secretary-General.
Ms. Durant had a distinguished career in Belgian and European politics. She held the offices of Deputy Prime Minister, Minister of Transport and Energy and Senator in the Belgian Government. She also served as Vice-President of the European Parliament and Presidency of the European Union Council of Ministers of Transport.
Ms. Durant has a wealth of experience collaborating with civil society and the private sector as well, notably as the Vice-President responsible for relations between the European Parliament and civil society. Finally, Ms. Durant has held posts as a senior consultant on the empowerment of women in local government for the UNDP and as a member of Parliament of the Brussels-Capital Region in Belgium.
