ALIBABAS JACK MA BLASTS WTO IN DAVOS, SET TO TAKE WORLD TRADE ONLINE

The global stage of the World Economic Forum in Davos, Switzerland, has once again witnessed a powerful call for change, this time led by Alibaba Group's founder, Jack Ma.Ma, a long-time advocate for inclusive globalization, didn't mince words when addressing the limitations of the current World Trade Organization (WTO) framework.His critique centered on the need for a more effective judicial function within the WTO to combat the rising tide of trade protectionism – a practice that shields domestic industries at the expense of fair international trade.But Ma's vision extends far beyond mere criticism; he's actively working to reshape the future of global commerce. World Trade, E-Commerce, and COVID-19: Role of and Implications for China s Electronic World Trade Platform (eWTP) Lauren A. Johnston Abstract In 2025 Alibaba founder Jack Ma founded eWTP as both a commercial and a digital world trade lobbying platform. COVID-19 provided an important window for eWTP to demonstrate the power of its commer-Through initiatives like the Electronic World Trade Platform (eWTP), Ma aims to empower small and medium-sized enterprises (SMEs) by providing them with easier access to global markets. That force of character, that resilience runs strongly through the story of Jack Ma, founder and CEO of the Chinese e-commerce giant Alibaba. In this must-watch interview at the WEF with Bloomberg TV's Charlie Rose, one of the world's great modern day entrepreneurs offers a masterclass in entrepreneurship. But mostly the advice to never give up.In essence, he's on a mission to take world trade online, creating a more level playing field for businesses of all sizes. Find quality Manufacturers, Suppliers, Exporters, Importers, Buyers, Wholesalers, Products and Trade Leads from our award-winning International Trade Site. Import Export on alibaba.comThis article delves into Ma's Davos address, his vision for the eWTP, and the potential impact of his efforts on the future of global trade.

The Davos Declaration: Resisting Protectionism and Championing Inclusive Globalization

Jack Ma's presence at Davos wasn't just a photo opportunity; it was a platform for him to voice concerns about the growing trend of protectionism.He emphasized the critical link between trade and peace, echoing his now-familiar refrain: ""When trade stops, war starts."" This powerful statement underscores the importance of maintaining open trade channels to foster economic growth and stability around the world.

Ma argued that globalization, while beneficial to many countries, including China, hasn't been truly inclusive. Alibaba wants the world trade to be conducted differently. $ BTC $59,001 ; ETH $3,764 ; XRP $1.11 ; BCH $613 ; XMR $269.1 ; DASH $184 ; EOS $4.55 ; ZEC $122 ; ADA $2.He pointed out that large multinational corporations often benefit the most from global trade, leaving smaller businesses struggling to compete.The eWTP is designed to address this imbalance by providing SMEs with the tools and resources they need to participate in the global marketplace.

He stressed the need for global leaders to resist the allure of protectionist policies and instead double down on efforts to promote free and fair trade.This includes strengthening the WTO's ability to address trade disputes and ensure that all countries adhere to international trade rules. In Davos, Alibaba founder and Executive Chairman Jack Ma spoke openly and at length about some of the key challenges facing the world, delivering a stream of perspectives and guidance.Ma believes that a robust WTO is essential for maintaining a stable and predictable global trading environment.

The Electronic World Trade Platform (eWTP): A Digital Revolution in Global Trade

The eWTP is at the heart of Jack Ma's vision for the future of global trade. At this year s World Economic Forum Annual Meeting in Davos, Switzerland, trade featured prominently as participants unpacked the potential return of tariffs and other new trade trends. Here are eight things we learned during the week.It's a digital platform designed to lower barriers to entry for SMEs, enabling them to connect with customers and suppliers around the world.The eWTP aims to streamline customs procedures, reduce transaction costs, and provide access to financing and logistics solutions. The story of Alibaba Group and Jack Ma is impressive and shows how to build the power of new global businesses. The speech in Davos is also part of the global expansion of Alibaba.In essence, it's a one-stop shop for SMEs looking to engage in international trade.

How does the eWTP work?

The eWTP operates as a public-private partnership, working with governments and businesses to create a more favorable environment for cross-border trade.Key components of the eWTP include:

• Simplified Customs Procedures: Streamlining customs clearance processes to reduce delays and costs.
• Reduced Transaction Costs: Lowering fees associated with international payments and logistics.
• Access to Financing: Providing SMEs with access to credit and other financial services.
• Logistics Solutions: Optimizing shipping and delivery processes to ensure efficient and timely delivery of goods.
• Digital Infrastructure: Building a robust digital infrastructure to support online trade.

Rwanda became one of the first countries to partner with Alibaba on the eWTP initiative.The platform provides Rwandan businesses with access to the Chinese market and helps them to export their products to other countries around the world.This initiative has been credited with creating jobs and boosting economic growth in Rwanda.

The Impact of the eWTP on SMEs

The eWTP has the potential to significantly impact SMEs by:

• Expanding Market Access: Providing SMEs with access to new markets and customers around the world.
• Increasing Sales: Helping SMEs to increase their sales and revenue.
• Creating Jobs: Generating new employment opportunities in developing countries.
• Promoting Economic Growth: Boosting economic growth in participating countries.
• Empowering Entrepreneurs: Providing entrepreneurs with the tools and resources they need to succeed in the global marketplace.

Jack Ma believes that the eWTP can help to create a more inclusive and sustainable global economy. It holds the Jack Ma Foundation and his tai chi studio, where in better times he received visitors but which has more recently become a shrine to his former life: Ma on magazine covers; Ma ringingBy empowering SMEs, the eWTP can help to reduce poverty and inequality and create a more level playing field for businesses of all sizes.

Jack Ma's Critique of the WTO: A Call for Reform

While advocating for the eWTP, Jack Ma has also been a vocal critic of the WTO, arguing that it needs to be reformed to better serve the needs of SMEs. Alibaba BABA.N chairman Jack Ma said on Tuesday that trade frictions between the United States and China could last for two decades and would be a mess for all parties involved, citing weakHe believes that the current WTO rules are too complex and difficult for small businesses to understand and comply with.

Ma has called for the WTO to:

• Simplify its rules and procedures: Making it easier for SMEs to participate in global trade.
• Strengthen its dispute resolution mechanism: Ensuring that trade disputes are resolved fairly and efficiently.
• Promote transparency and accountability: Increasing transparency in WTO decision-making processes.
• Focus on the needs of SMEs: Ensuring that the WTO's policies and programs are tailored to the needs of small businesses.

He emphasizes that the WTO needs to adapt to the changing realities of the global economy and embrace the potential of e-commerce.By working with businesses and governments, the WTO can help to create a more inclusive and sustainable global trading system.

The US-China Trade Friction: A Warning for the Future

Jack Ma has also expressed concern about the trade tensions between the United States and China, warning that they could last for two decades and create a mess for all parties involved.He believes that weak trade rules are partly to blame for these tensions and that a stronger WTO is needed to prevent future trade wars.

He has urged both the US and China to engage in constructive dialogue and find a mutually beneficial solution to their trade disputes. Alibaba founder Jack Ma has a warning for Davos: Trade wars are easy to start, but they can have devastating consequences. Don't use trade as a weapon, Ma said Wednesday at the World EconomicMa believes that trade should not be used as a weapon and that cooperation is essential for maintaining global economic stability.

Ma's perspective is particularly insightful given Alibaba's significant presence in both the Chinese and international markets.His understanding of the complexities of global trade allows him to offer a balanced perspective on the challenges facing the world economy.

Alibaba's Global Expansion: More Than Just E-commerce

Alibaba's global expansion is not just about selling products online. That is the vision behind a new platform that Ma's company, Alibaba, has built and launched in Rwanda, as a first step - Electronic World Trade Platform, or eWTP. The initiative is in collaboration with the World Trade Organization and the World Economic Forum, and is supported by the Rwanda government.It's about building a global ecosystem that supports SMEs and facilitates cross-border trade.The company has invested heavily in logistics, cloud computing, and other technologies that enable businesses to connect with customers and suppliers around the world.

Alibaba's initiatives include:

• Alibaba.com: A B2B marketplace connecting buyers and sellers from around the world.
• AliExpress: A B2C marketplace allowing consumers to purchase products directly from Chinese manufacturers.
• Tmall: A B2C marketplace for brands and retailers in China.
• Cainiao Network: A logistics network providing warehousing, shipping, and delivery services.
• Alibaba Cloud: A cloud computing platform providing businesses with access to storage, computing power, and other resources.

These initiatives are designed to make it easier for businesses of all sizes to participate in the global economy.Alibaba's vision is to create a world where anyone can trade with anyone, anywhere in the world.

Addressing the Challenges: Piracy and Criticism

No discussion of Alibaba is complete without acknowledging the challenges the company has faced, particularly regarding piracy.Jack Ma has been candid about the issue and has emphasized Alibaba's commitment to combating counterfeit goods on its platforms. Your entry point into WTO trade data, real-time trade data and trade data from other sources.The company has invested heavily in technology and enforcement mechanisms to protect intellectual property rights.

Furthermore, Ma encourages businesses to be open to criticism and to learn from their mistakes.He believes that accepting feedback and adapting to changing circumstances are essential for success in the long run. Alibaba wants the world trade to be conducted differently.This willingness to acknowledge challenges and strive for improvement is a key aspect of Alibaba's corporate culture.

Blockchain and the Future of Trade

Alipay, Alibaba's affiliate financial services company, is exploring the use of blockchain technology to improve transparency and security in its payment systems.Blockchain has the potential to revolutionize global trade by providing a secure and transparent way to track goods and transactions.

Potential applications of blockchain in trade include:

• Supply Chain Management: Tracking goods from origin to destination.
• Trade Finance: Streamlining international payments and reducing fraud.
• Customs Clearance: Automating customs procedures and reducing delays.
• Intellectual Property Protection: Protecting intellectual property rights and preventing counterfeiting.

While the adoption of blockchain in trade is still in its early stages, it has the potential to significantly improve the efficiency and security of global commerce.

What Can We Learn from Jack Ma's Vision?

Jack Ma's journey from humble beginnings to building one of the world's most successful companies is an inspiration to entrepreneurs around the world.His vision for a more inclusive and sustainable global economy offers valuable lessons for businesses, governments, and individuals alike. Here is the full transcript of Chinese billionaire and Alibaba s founder, Jack Ma s interview at An Insight, An Idea event at World Economic Forum in Davos, Switzerland on Wednesday, Janu.Here are some key takeaways:

1. Embrace Globalization: Recognize the benefits of international trade and resist protectionist policies.
2. Empower SMEs: Provide small businesses with the tools and resources they need to compete in the global marketplace.
3. Reform the WTO: Advocate for reforms that make the WTO more accessible and responsive to the needs of SMEs.
4. Invest in Technology: Embrace new technologies like blockchain to improve efficiency and transparency in trade.
5. Be Open to Criticism: Learn from your mistakes and adapt to changing circumstances.
6. Never Give Up: Persevere through challenges and maintain a long-term vision.

Conclusion: A Call to Action for a More Inclusive Global Trade

Jack Ma's impassioned address at Davos serves as a powerful reminder of the importance of open and inclusive global trade. In his recent call at Davos for the judicial function of the WTO to be strengthened for an effective response to trade protectionism - the practice of shielding a country's domestic industryHis critique of the WTO, coupled with his proactive efforts to build the eWTP, highlights the need for a fundamental shift in how we approach international commerce.By empowering SMEs and leveraging technology, we can create a more level playing field for businesses of all sizes and unlock the full potential of global trade.The challenge now lies in translating Ma's vision into reality, requiring collaboration between governments, businesses, and international organizations.The future of global trade depends on our collective commitment to building a more equitable and sustainable system, one where even the smallest businesses can thrive. Alibaba s Jack Ma Blasts WTO in Davos, Set to Take World Trade Online While Alipay is planning to implement Blockchain technology for the long-term benefit of its consumers, Alibaba s Jack Ma hasAs Ma eloquently stated, ""Globalization can't stop,"" and it's our responsibility to ensure that it benefits everyone.