Apple faces pressure as iPhone sales slide    Egypt secures $9b in FDI for largest ME wind projects    Norway's Scatec to build $5.7b wind farm in Egypt    Japan's manufacturing reaches 49.6% in April – PMI    Mexico selective tariffs hit $48b of imports    EFG Hermes closes EGP 600m senior unsecured note issuance for HSB    Microsoft plans to build data centre in Thailand    Japanese Ambassador presents Certificate of Appreciation to renowned Opera singer Reda El-Wakil    WFP, EU collaborate to empower refugees, host communities in Egypt    Health Minister, Johnson & Johnson explore collaborative opportunities at Qatar Goals 2024    Belarusian Prime Minister visits MAZ truck factory in Egypt    SCZONE leader engages in dialogue on eco-friendly industrial zones initiative with Swiss envoy, UNIDO team    Egypt facilitates ceasefire talks between Hamas, Israel    Al-Sisi, Emir of Kuwait discuss bilateral ties, Gaza takes centre stage    Egyptian, Bosnian leaders vow closer ties during high-level meeting in Cairo    AstraZeneca, Ministry of Health launch early detection and treatment campaign against liver cancer    Sweilam highlights Egypt's water needs, cooperation efforts during Baghdad Conference    AstraZeneca injects $50m in Egypt over four years    Egypt, AstraZeneca sign liver cancer MoU    Swiss freeze on Russian assets dwindles to $6.36b in '23    Amir Karara reflects on 'Beit Al-Rifai' success, aspires for future collaborations    Climate change risks 70% of global workforce – ILO    Prime Minister Madbouly reviews cooperation with South Sudan    Ramses II statue head returns to Egypt after repatriation from Switzerland    Egypt retains top spot in CFA's MENA Research Challenge    Egyptian public, private sectors off on Apr 25 marking Sinai Liberation    Debt swaps could unlock $100b for climate action    President Al-Sisi embarks on new term with pledge for prosperity, democratic evolution    Amal Al Ghad Magazine congratulates President Sisi on new office term    Egyptian, Japanese Judo communities celebrate new coach at Tokyo's Embassy in Cairo    Uppingham Cairo and Rafa Nadal Academy Unite to Elevate Sports Education in Egypt with the Introduction of the "Rafa Nadal Tennis Program"    Financial literacy becomes extremely important – EGX official    Euro area annual inflation up to 2.9% – Eurostat    BYD، Brazil's Sigma Lithium JV likely    UNESCO celebrates World Arabic Language Day    Motaz Azaiza mural in Manchester tribute to Palestinian journalists    Russia says it's in sync with US, China, Pakistan on Taliban    It's a bit frustrating to draw at home: Real Madrid keeper after Villarreal game    Shoukry reviews with Guterres Egypt's efforts to achieve SDGs, promote human rights    Sudan says countries must cooperate on vaccines    Johnson & Johnson: Second shot boosts antibodies and protection against COVID-19    Egypt to tax bloggers, YouTubers    Egypt's FM asserts importance of stability in Libya, holding elections as scheduled    We mustn't lose touch: Muller after Bayern win in Bundesliga    Egypt records 36 new deaths from Covid-19, highest since mid June    Egypt sells $3 bln US-dollar dominated eurobonds    Gamal Hanafy's ceramic exhibition at Gezira Arts Centre is a must go    Italian Institute Director Davide Scalmani presents activities of the Cairo Institute for ITALIANA.IT platform    







Thank you for reporting!
This image will be automatically disabled when it gets reported by several people.



11th WTO Ministerial Conference kicks off amid complex circumstances: trade minister
Egypt fully supports interests, priorities of African continent within framework of multilateral trading system, says Egyptian minister
Published in Daily News Egypt on 11 - 12 - 2017

The Eleventh World Trade Organisation (WTO) Ministerial Conference is being held amid very complex circumstances, as WTO negotiations have undergone many rapid changes over the past few weeks, leading to a widening gap between the positions of developed, developing, and less developed countries, which hinders reaching consensus on any negotiating tracks in the WTO, according to Egyptian Minister of Trade and Industry Tarek Kabil.
The minister added that the gap in negotiations threaten to not reach any ministerial decisions during the conference, especially since the negotiations that took place in Geneva among the member states did not reach an agreement on a draft ministerial declaration to be issued by the conference.
He pointed out that he hoped, during the meetings, to reach consensus formulas that take into account the interests of all WTO member states.
The WTO conference takes place from 10 to 13 December in Buenos Aires, Argentina with the participation of 164 countries. The conference was inaugurated by President of Argentina Mauricio Macri and is being chaired by minister Susana Malcorra of Argentina.
Kabil is participating in the Arab Ministers of Commerce and African Group meetings, on the sidelines of the WTO Ministerial Conference.
He said, in a speech, that there is a need for full coordination between the various groups of developing countries and the Arab group to formulate a unified position for negotiating issues that concern the needs of developing and less developed countries.
"Egypt fully supports the interests and priorities of the African continent within the framework of the multilateral trading system," Kabil said.
Kabil stressed the importance of development as part of the multilateral trading system and the necessity for developed countries to implement paragraph 44 of the 2001 Doha Ministerial Declaration.
He further pointed to the importance of enacting the articles on special and differential treatment for less developed countries, including economic development, industrialisation, and structural reform in developing and less developed countries, which will contribute to enhancing their participation in the multilateral trading system.
Kabil emphasised the importance of continuing negotiations on the subjects of facilitating investment and supporting the activity of small and medium enterprises in international trade, under the umbrella of informal dialogue, so that they can be studied carefully and the framework within which they can be dealt with under the WTO can be determined.
He added that there is a need to provide political and technical support to Arab countries that are currently involved in the process of gaining WTO membership.
The Egyptian minister emphasised the need to complete the implementation of the Doha Development Agenda, before considering adding any new issues to the negotiations' agenda.
"Egypt's position on the subject of e-commerce confirms the need to complete discussions under the current work programme and not entering into new negotiations in this regard, due to the challenges facing developing countries, including Egypt. These include the areas of organisational capacity-building, skills development, consumer awareness, the development of an appropriate legislative framework, and the provision of information and statistics that explain the nature of the markets and products related to this subject," Kabil said in his speech. "Further, Egypt seeks to maintain the current work program on e-commerce and create a development agenda for this kind of trade."


Clic here to read the story from its source.