You are currently viewing Upcoming trade meeting a chance for WTO to prove it’s still relevant

Upcoming trade meeting a chance for WTO to prove it’s still relevant

There’s no turning back now. On June 12, ministers will meet in Geneva for a long-anticipated meeting, dubbed the 12th Ministerial Conference (MC12) of the World Trade Organization (WTO). The point of the meeting, which had been delayed by COVID-19, is to chalk up some wins to show that the institution is still relevant in today’s global trading system. Wins wouldn’t have been easy in the best of times, but these aren’t those. Russia’s invasion of Ukraine hangs like a dark cloud over MC12. The meeting will be fraught. Many predict failure.

The spin has already begun. Some of the wins once hoped for, like a deal on fisheries, are doubtful. Food security, which is on everyone’s mind given the war in Ukraine, is no more likely to yield tangible actions. Nor is the proposal to waive intellectual property on COVID-related vaccines, a gimmick that is more about theater

..... (Read more by following the post link below)

This post was originally published on this site

Also See...