World Trade Organization ends meeting in UAE after failing to reach major agreements
- Negotiators at a World Trade Organization meeting in the United Arab Emirates ended their summit early after failing to reach agreements on major initiatives, highlighting turmoil within the global body.
- The only significant agreement reached was an extension on the pause of taxes on digital media until the next biennial meeting.
- The conference also saw continued debate on the China-led Investment Facilitation for Development plan, with South Africa withdrawing opposition and India remaining opposed.
30 Articles
30 Articles
A World Trade Organization (WTO) summit ended on Saturday with the only result being an extension of agreements on customs duties related to online trade. The more than 150 member countries were unable to reach agreements on agriculture and fishing in Abu Dhabi, even though these are very important issues for many countries.
A planned global agreement to better protect fish stocks has failed for the time being. The 164 countries participating in the WTO conference were unable to reach agreement. There were also failures in other areas. [more]
WTO talks end without consensus on agriculture and fisheries
India, along with other G-33 members, successfully opposed linking public stockholding of grains to broader agricultural trade reforms, preserving their right to support their agricultural sectors without facing legal challenges in the WTO's dispute system
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