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Gamea participates in Arab Ministerial meeting on sidelines of WTO MC12
12 June 2022  -  Sector :  -  Entity :  -  Category : Trade News

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The meeting has discussed the impacts of rising food prices, especially on NFIDCs and LDCs.

Geneva- June 12, 2022

Minister of Trade and Industry Nevine Gamea has taken part in the Arab Ministerial meeting, held in Geneva, Switzerland, on the sidelines of the 12th Ministerial Conference of the World Trade Organization (MC12).

Chaired by Saudi Minister of Commerce Majid al-Qasabi, the meeting expressed deep concern about the impacts of rising food prices and supply chain disruptions on food security as a result of the combined effects of the global pandemic and the current geopolitical challenges.

It also underscored the need for additional flexibilities to allow developing countries, in particular Net-Food Importing Developing Countries (NFIDCs) and Least Developed Countries (LDCs), to enhance their agricultural capacities and agricultural regimes.

 “Egypt calls for an ambitious trade agenda and a unified Arab stand in the negotiations related to achieving development goals in developing countries and least developed countries,” Gamea said during the meeting.

The ministers affirmed that a peaceful, stable and enabling political, social and economic environment is essential to accord priority to economic resilience, food security and poverty eradication.

They, moreover, asserted their continued support for the State of Palestine's request for observer status in the General Council and its subsidiary bodies, and reiterated the importance of recognizing the Arabic language as one of the official working languages in the WTO, as it is the case in the United Nations Organizations.

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