“Global economy can be fixed by digital transformation & blockchain technology,” says H.E. Justin Sun, Ambassador for Grenada to the WTO
05 July 2022 - 7:43PM
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H.E. Justin Sun, the founder of TRON, joined the Grenada Government
as its WTO Ambassador last December. He talked about some serious
issues at the Twelfth Ministerial Conference (MC12) of the World
Trade Organization (WTO). Sun spoke during the conference on SIDS
(Small Island Developing States), climate change, oceans,
e-commerce, and other issues. The Conference has various topics
such as post-COVID economic crisis, food safety, environment
protection, food safety and security, IP protection on coronavirus
vaccines, e-commerce moratorium on customs duties, and trade
facilitation, according to the press release. At the conference, he
also stated that “Grenada is heavily dependent on a very
predictable, transparent and efficient MTS (multilateral trading
system),” and he is “working closely with WTO’s program on
e-commerce in support of digitizing the economy.” As per a video
published by the Organization of Eastern Caribbean States (OECS) on
YouTube, Sun says, “Grenada is facing an increase in commodities
prices, climate crisis, and environmental emergencies.” These can
be fixed, or at least can have a recovery initiation, by simply
empowering e-commerce and a borderless digital economy. Sun is not
a new player in the market. He founded TRON in 2017, which is now
one of the top three public chains worldwide. So, as per the
government of Grenada, Sun will use his experience in blockchain
technology to digitize its trade, investment, and governance
processes. In addition, Ministers made two critical decisions: the
Work Programme on Small Economies and the TRIPS non-violation and
situation complaints and; a Sanitary and Phytosanitary Declaration
for the Twelfth WTO Ministerial Conference: Responding to Modern
SPS Challenges. On the margins of MC12, the OECS also took the
opportunity to have a series of engagements with essential
partners, namely the International Trade Centre, the Commonwealth
Secretariat, the Organisation of African Caribbean and Pacific
States, and the United Nations Industrial Development Organization.
(source) H.E. Justin Sun seems to be playing a pivotal role in the
economic development of Grenada. During his term of office, Sun
also said he would actively advocate for cooperation between
Grenada and other countries in various fields and boost economic
growth through digital technologies to collaborate on the new
issues that emerge from digital transformation in the post-COVID
era.
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