Jamaica’s Minister of Foreign Affairs and Foreign Trade, AJ Nicholson, addressing the 10th WTO Ministerial Conference here on behalf of the 15-member regional grouping, said “2015 has been a good year so far for multilateralism”.
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The Nairobi conference is expected to attract more than 5,000 delegates from 163 WTO member states.
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A well-informed source in Geneva told AFP the meeting would be dedicated to discussing the Doha agenda, “its future, a work programme for next year, the elimination of agriculture export subsidies, and what measures to take in favour of the least advanced countries”.
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Congratulating Afghanistan on gaining accession to WTO, the US Ambassador to Afghanistan, P. Michael McKinley said “As we acknowledge the importance of this development, we want to congratulate Afghanistan in becoming a member of the WTO”.
“You can not trade effectively if it is that you do not tap the sum total of your entire market, and to tap the sum total of the entire market of Africa, we need to open up corridors, economic corridors, so that trade from one country will be seamless”, said Maharaj.
“This can boost South Korean exports by US$590 million annually and push up imports by $570 million”, the ministry citing a report by the Korea Institute for Industrial Economics and Trade said.
India may raise its objections at the meeting of the agriculture group being chaired by Lesotho, an African country. The original goals were to liberalize global trade between developed and developing countries by reducing subsidies, removing customs barriers and opening markets to all members.
“Eliminating tariffs on trade of this magnitude will have a huge impact”.
Kenyan President Uhuru Kenyatta said in a speech on Monday that African countries had do more to industrialise their economies but should not be put at a disadvantage by high tariffs or other controls imposed by wealthier nations.
With the blame game hotting up on social media, Commerce Minister Nirmala Sitharaman tweeted: “Indian team working positively in all negotiating track”. The focus was largely on export subsidies and SSM, where no solution was reached.
HOPES of a breakthrough in the stalled Doha trade negotiations at a World Trade Organisation gathering this week have faded after the conference chairwoman rejected calls for a new approach.
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A target of the Nairobi assembly will be to decide the method by which the WTO moves forward after years of discussions with no important successes. “It is time for the world to free itself from the strictures of Doha”.
