The World Trade Organization adopts a set of “unprecedented” measures

Five days of intensive negotiations a “End Gallery” Qualified as “Unprecedented” By the Director of the World Trade Organization (WTO), Ngozi Okonjo-Iweala.

“The WTO has long since achieved many multifaceted results. The results demonstrate that the WTO is capable of responding to the urgent needs of our time., Announced, Friday, June 17, in front of the chairs of the delegation of the 164 member states of the Ngozi Okonjo-Iweala organization. However, the WTO did not immediately release the final text.

The conference was aimed not only at tackling food insecurity created by Russia, but also at eliminating subsidies for illegal fishing and clearing seas and temporarily raising patents for the protection of the Govt-19 vaccine.

But when the meeting began on Sunday, the differences between the delegates were so significant that the hope of ending all these matters was slim. MMe Okonjo-Ivela accepted one or two texts and set the bar for success.

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The meeting of ministers lasted nearly thirty-six hours longer than expected. Finally at 5 am (Paris time) the Director General knocked on the hammer indicating that the texts had been duly accepted.

The text on food insecurity was eagerly awaited, which was only a ministerial announcement. Russia’s war is losing world grain and fertilizer, raising prices and threatening millions of people around the world with hunger.

The adopted document emphasizes the importance “No export restrictions or restrictions” Contrary to WTO rules. It calls for any emergency measures introduced to address food security concerns, such as the export freeze. “Be Temporary, Targeted and Explicit”And reported to the WTO.

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The second text protects the purchase of food by the World Food Program from the restrictions imposed by certain countries.

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Until almost the last minute, the fishing deal remained uncertain, and although the text was diluted compared to the initial ambitions, Ngozi Okonjo-Iweala demanded victory.

This is one of the main topics of discussion at this Ministerial Conference. Negotiations on this issue began twenty years ago and are part of the United Nations (UN) Sustainable Development Goals. In particular, it is a question of prohibiting the illegal taking of certain types of subsidies.

To help developing countries, the WTO wants to set up a fund to provide them with technical assistance and improve their capabilities so that they can implement the agreement and help their fishermen become more stable.

  • Intellectual property

After two-and-a-half years of fighting the Govt-19 epidemic, member states agreed on Friday to facilitate the trade in anti-epidemic drugs. An important factor that prevents trade in goods and commodities from being restricted when they are most needed.

It also agreed to suspend the patent for the protection of COV-19 vaccines for developing countries. The matter has been the subject of fierce fighting between the drug lobby, some developing countries and many voluntary organizations. The idea is to facilitate serum production.

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Despite the reluctance of India and South Africa, member states have renewed their ban on electronic transactions and regret the potential customs maneuvers to escape these transactions.

The five days of intense negotiations were marked by Indian stubbornness on a number of issues, including subsidies contributing to overfishing. Indian Commerce Minister Piyush Goyal has been accused of obstructing several delegations from visiting his country. “Nothing is a hindrance”But this one “Consensus Builder”.

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World with AFP

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