The WTO has one of the most impressive records in global economic governance, by promoting trade liberalisation and economic development.

States have the responsibility to create rules and conditions for growth and development, and to channel the benefits to all citizens by providing education and making people able to participate in the economies, and in decision-making.

That was for instance the case in Mocambique a couple of years ago, during the flooding catastrophe. Instead of co-ordinating assistance properly, to much time and resources was spent on fighting about the same helicopters and local guides.

Poverty does not make people terrorists, but terrorists can exploit the frustration it creates and use it as a breeding-ground for violent ideas.

The United Nations remains our most important global actor. These days we are continuously reminded of the enormous responsibility of the Security Council to uphold international peace and stability.

The world is richer than ever, and the gaps between rich and poor are wider.

Global markets must be balanced by global values such as respect for human rights and international law, democracy, security and sustainable economic and environmental development.