WTO helps only the big companies, ignoring small players, said the founder of Alibaba

WTO helps only the big companies, ignoring small players, said the founder of Alibaba


UJANG /EASTERN CHINA/, December 16. /Corr. Alexey Selishev/. The world trade organization (WTO) serves the trade interests of developed countries and transnational corporations while ignoring small companies. This opinion was expressed on Wednesday by the founder of one of the largest online retailers of Alibaba Jack MA during a meeting with Prime Minister of Russia Dmitry Medvedev.

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“We believe that trade is a human right. Alibaba opposes all forms of trade and inequality, against all forms of stem the trade of small companies,” he said.

“We believe that the WTO helps developed countries, multinational companies. The Internet should help small and medium-sized companies. I believe that Russia and China have the potential to create a fair, open trading platform,” added Jack MA.

The meeting is held on the sidelines of the second world conference on Internet governance (World Internet Conference), which is organized in China wuzhen. The forum operates under the motto “creating a society with a common future in cyberspace” and will last until 18 December.