12th WTO Ministerial Conference 2022
12th WTO Ministerial Conference: 12th WTO Ministerial Conference 2022 is being organized in Geneva. WTO Ministerial Conference is important for UPSC Exam as it will come under International Relations of UPSC Mains GS Paper 2 syllabus.
WTO Ministerial Conference and the Doha Development Agenda
Ministerial Conference (MC) | Place | Year | Important decision |
MC1 | Singapore | 1996 | Ministerial declaration on trade in information technology products: Expansion of world trade in information technology products, which account for 80% of world trade in these products. Singapore issues: transparency in government procurement, trade facilitation, trade and investment, and trade and competition. |
MC2 | Geneva | 1998 | Declaration on Global Electronic Commerce: To establish a comprehensive work programme to examine all trade-related issues relating to global electronic commerce |
MC3 | Seattle | 1999 | — |
MC4 | Doha | 2001 | Doha Development Agenda (DDA): It covers negotiations on agriculture, Non-Agricultural Market Access (NAMA), services, dispute settlement, antidumping duties, subsidies, etc. Discussed separately below. |
MC5 | Cancun | 2003 | — |
MC6 | Hong Kong | 2005 | — |
MC7 | Geneva | 2009 | — |
MC8 | Geneva | 2011 | — |
MC9 | Bali | 2013 | Bali Package: The centrepiece of the package is a new agreement on trade facilitation aimed at reducing red tape, and facilitating customs procedures in an effort to cut down the cost of doing business. Other — less far reaching — aspects of the deal focused on food security and a set of issues of particular interest to least developed countries including trade preferences or cotton subsidies. |
MC10 | Nairobi | 2015 | Nairobi Package: It contains a series of six Ministerial Decisions on agriculture, cotton and issues related to least-developed countries. |
MC11 | Buenos Aires | 2017 | No consensus. Developed countries like US blocked a permanent solution on government stockholding for food security purposes, developing countries like India toughened its stand on new issues including e-commerce and investment facilitation. |
MC 12 | Geneva | 2022 | MC 12 is being held in Geneva |
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