At a ministerial meeting, a WTO panel agrees on critical concerns

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WTO members have established an agreement on critical topics like as pandemic response, a TRIPS waiver relating to Covid-19, food security, the World Food Programme Food Purchases Exemption, fishery subsidies, e-commerce, and WTO reforms.

The agreement was reached as the WTO’s 12th Ministerial Conference (MC12) came to a close on Friday in Geneva. These international outcomes are achieved by ministerial statements and decisions.

The World Trade Organization’s Director-General, Ngozi Okonjo-Iweala, expressed her satisfaction and excitement about the MC12 findings, which prove that the “WTO can deliver multilateral outcomes.” Because of the united efforts of all WTO members, the MC12 has made significant progress on a number of major issues, suggesting that the multilateral trading system can play a fundamental role in addressing global challenges, she said.

The Ministerial Conference, the WTO’s primary decision-making body, takes place every two years and is attended by trade ministers and other senior officials from the organization’s 164 members.

The MC12, which started on Sunday, was extended by one day to provide participants more time to discuss the most pressing issues.