On 21 November, the Council for Trade in Services of the
, as the new Chairman of WTO's Committee on Trade in Financial Services.
This Committee is one of the most important services bodies, analyzing issues related to banking, insurance, investment advice and securities portfolios, among other financial issues. It may make proposals or recommendations for consideration by the
WTO Council for Trade in Services.
It is also responsible for continuously reviewing and monitoring the implementation of the General Agreement on Trade in Services (GATS) in this sector, and serves as a multilateral forum for technical deliberations and review of regulatory developments affecting trade in financial services.
Currently, the Financial Services Committee plans to continue evaluating, at its session next December, the possibility of discussing and advancing financial inclusion aimed at sectors of underrepresented population of developing countries such as migrants, women and other vulnerable groups, whose financial needs and interests have not been specifically considered at the multilateral level.
Minister Bravo is a career diplomat with more than 31 years of experience and a lawyer from the Pontifical Catholic University of Peru. He holds a Master's Degree in Public Policy Management and postgraduate studies at George Washington University. He has previously served in Brussels, Washington D.C., Geneva, Zurich, Panama, and Uruguay.
Peru, along with Switzerland and Finland, is one of the few countries currently responsible for leading more than one WTO body. The other body chaired by our country is the Working Group on Trade and Transfer of Technology.
(END) NDP/MVB