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.
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