Roberto Azevedo, the current Director-General of the World Trade Organization, told Anadolu Agency that the WTO family is glad to be welcoming an African country to the organization during a Ministerial conference which is being held on African soil for the first time.
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“This is a positive and potentially significant deal”.
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Trade Minister Todd McClay said the most important outcome for us is the fact WTO members won’t be able to subsidise their agricultural exports anymore. “This is a great step forward, and we need more like it in other areas, such as domestic supports, to address other distortions”. The developed countries were also successful in clinching the deal away from India by allowing new issues to be taken up in the WTO’s mandate.
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Once in force, the agreement will update the WTO’s 18-year-old Information Technology Agreement and add the new products to the list of goods covered by zero-tariff and duty-free trade.
Another positive outcome of the WTO conference references the accession of two LDCs into the organization; Afghanistan and Liberia.
They also agreed on flexible rules of origin and exports of LDCs for promotion of exports from LDCs that will facilitate integration into global trade.
U.S. trade representative Michael Froman also said the deal would “put an end to some of the most trade distorting subsidies” and “help level the playing field for American farmers and ranchers”.
The minister, nevertheless, said that India at least ensured that the Bali package, arrived at during the previous trade talks in Indonesia on public stockholding of grain – like the public distribution system in India – was reaffirmed, with a commitment to work toward a permanent solution.
In a statement, the WTO said members have agreed on the timetable for implementing the trade pact last Wednesday at the WTO’s Tenth Ministerial Conference in Nairobi.
“We have long tested the patience of the governments and the peoples that we represent”, Mr Robb said.
In addition, more countries signed on to the Trade Facilitation Agreement, which eases the passage of goods between countries.
She quoted Kenyan President Uhuru Kenyatta to say that agricultural reforms remain the corner stone of the Doha Round negotiations.
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The new Nairobi Declaration includes the elimination of agricultural export subsidies and further tariff reduction for information and technology products.
