WTO -12th Ministerial Conference (MC12): Highlights
On 12th June 2022, the 12th Ministerial Conference of the World Trade Organization (WTO) began. This conference is being held at the WTO headquarters in Geneva, Switzerland. This conference will wrap up on the 15th of June 2022. The original date of this conference was 2021, but it was postponed due to the COVID-19 pandemic.
What agendas will be discussed at this conference?
Ngozi Okonjo-Iweala, head of the WTO stated his positiveness that more than 100 trade ministers from various nations will be achieving more than one global deal during this conference. At the conference, discussions will be held about:
- Distribution of vaccines
- Acceleration of trade
- Boundaries on exports
- Better lucidity in the areas of medical supply chains.
- Temporary embargos on the customs duties of the transmission of electronic items.
The ministers will also be discussing the complications that are being faced in the fisheries sector as well as the anti-development in the fisheries subsidies. A “WTO reform” agenda will be pushed by the developing countries of the world. Two members will also be issuing a joint declaration that will look to improve on data that will be gender-disaggregated so that the gender-equality can be enhanced and better trade policies can be formulated.
Which countries are participating?
About 50 civil societies from 22 countries across the world are participating in this conference. The countries include:
- The Philippines
- Pacific Islands
- South Africa
- The United States
- The Netherlands
- The UK
Why is the WTO conference held?
This conference is held biennially. The main aim of the conference is trade dispute resolution and the analyzing of various trade policies like agricultural policies, subsidies, etc.