12TH WTO MINISTERIAL CONFERENCE TO BEGIN FROM JUNE 12 IN GENEVA, SWITZERLAND

INTERNATIONAL

The World Trade Organisation’s (WTO) Ministerial Conference began in Geneva, Switzerland. This year marks the 12th edition of the Ministerial conference.

The conference was organized after a gap of almost five years. 

Following are the key areas to discuss in the Ministerial Conference - response to the pandemic, Fisheries subsidies negotiations and Agriculture issues including Public Stockholding for Food security.

The Conference will be co-hosted by Kazakhstan and chaired by Mr.Timur Suleimenov, Deputy Chief of Staff of Kazakhstan's President.

The meeting was actually scheduled for June 2020, but it was postponed due to the COVID-19 pandemic. This meeting might be hosted by Kazakhstan.

In the conference, the Indian delegation will be headed by the Union Minister of Commerce and Industry Mr.Piyush Goyal. India has a vital stake in protecting the interests of all stakeholders in the country as well as the interests of the developing and poor nations that look up to the leadership of India at multilateral forums including WTO.

The Ministers from across the world will participate in the conference to review the functioning of the multilateral trading system, make general statements and take action on the future work of the WTO. 

 

   Important points for the exam:

  • The 12th edition of the World Trade Organisation’s (WTO) Ministerial Conference began in Geneva, Switzerland.
  • Following are the key areas to discuss in the Ministerial Conference - response to the pandemic, Fisheries subsidies negotiations and Agriculture issues including Public Stockholding for Food security.
  • The Conference will be co-hosted by Kazakhstan and chaired by Mr.Timur Suleimenov, Deputy Chief of Staff of Kazakhstan's President.
  • The Ministers from across the world will participate in the conference to review the functioning of the multilateral trading system, make general statements and take action on the future work of the WTO. 

   Facts to know:

  • World Trade Organisation (WTO) was established in 1995.
  • Headquarters of WTO: Geneva, Switzerland.
  • WTO is an intergovernmental organization that regulates and facilitates international trade.
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