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EU trade ministers hopeful of 12th WTO Ministerial Conference in 2022

21 Feb '22
2 min read
Pic: French Presidency of the Council of The European Union
Pic: French Presidency of the Council of The European Union

The recent talks by European trade ministers in Marseille reaffirmed the support of the European Union (EU) member states to swiftly organise a 12th WTO Ministerial Conference once the public health situation gets conducive—if possible by the end of June this year.  The meeting was convened under the French presidency of the European Council.

The ministers also encouraged the European Commission to continue the efforts it has been making so far at the World Trade Organisation (WTO) to maintain a high level of engagement on all issues on the Ministerial Conference agenda, an official release said.

The informal meeting determined strategic guidelines for the EU’s trade policy action and the issue of the future of the WTO, the deepening of trade and investment relations between the EU and the African Union (AU), and transatlantic relations. The meeting also discussed alleged coercive measures China has taken against Lithuania.

The member states reaffirmed their full support to the European Commission for the negotiation of an agreement on trade and health, in a comprehensive approach combining measures to facilitate access to and distribution of the most innovative medicines and vaccines for all, as well as commitments to transparency, governance of export restrictions and trade facilitation measures.

They called for WTO talks to be stepped up in order to improve the organisation’s functioning and adapt its rules, so that it can overcome current challenges, especially those related to sustainable development and digital technology, and also to strengthen the fight against unfair practices that distort international trade.

They also held an initial discussion on the initiative launched by the WTO director general and the European Commission to bring together a coalition of trade ministers sharing a high ambition in fighting climate change to maintain political momentum on these crucial challenges.

Fibre2Fashion News Desk (DS)

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