Send To Friend
MC12 concludes in Geneva, reaches unprecedented package of trade outcomes
19 June 2022  -  Organization :  -  Sector/Entity :  -  Category : Trade News

Other Titles

Lengthy negotiations among delegations have produced the “Geneva Package” on a series of key trade issues.

Geneva- June 19, 2022

WTO members have successfully concluded the 12th Ministerial Conference (MC12) in Geneva, Switzerland, and round-the-clock negotiations among delegations have produced the “Geneva Package”, securing multilaterally negotiated outcomes on key trade initiatives.

The Package contains a series of unprecedented decisions on fisheries subsidies, WTO response to emergencies, including: a waiver of certain requirements concerning compulsory licensing for COVID-19 vaccines, food safety and agriculture, an Agreement on Fisheries Subsidies, and WTO reform.

“The MC12’s decision on WTO emergency response to food security issues is a triumph for the rights and interests of Net Food-Importing Developing Countries (NFIDCs) that Egypt has greatly contributed to,” said Minister of Trade and Industry Nevine Gamea who led Egypt’s delegation at the meetings.

In addition, ministers adopted two decisions - on the Work Programme on Small Economies and on the TRIPS non-violation and situation complaints- and a Sanitary and Phytosanitary Declaration for the 12th WTO Ministerial Conference.

Add new comment
Comment body*
(0) Comment(s)