Finance Ministry presents three new investor facilitation packages to PM to boost investment climate    Egypt, Bahrain explore deeper cooperation on water resource management    Egypt condemns Israeli offensive in Gaza City, warns of grave regional consequences    Cairo University, Roche Diagnostics inaugurate automated lab at Qasr El-Ainy    Egypt expands medical, humanitarian support for Gaza patients    Egypt investigates disappearance of ancient bracelet from Egyptian Museum in Tahrir    Egypt launches international architecture academy with UNESCO, European partners    African trade ministers meet in Cairo to push forward with AfCFTA    Egypt's President, Pakistan's PM condemn Israeli attack on Qatar    Egypt signs MoUs with 3 European universities to advance architecture, urban studies    Madrid trade talks focus on TikTok as US and China seek agreement    Egypt wins Aga Khan Award for Architecture for Esna revival project    Egypt's gold prices hold steady on Sep. 15th    Egypt's Sisi, Qatar's Emir condemn Israeli strikes, call for Gaza ceasefire    Egypt condemns terrorist attack in northwest Pakistan    Egypt advances plans to upgrade historic Cairo with Azbakeya, Ataba projects    Egyptian pound ends week lower against US dollar – CBE    Egypt hosts G20 meeting for 1st time outside member states    Egypt to tighten waste rules, cut rice straw fees to curb pollution    Egypt seeks Indian expertise to boost pharmaceutical industry    Egypt prepares unified stance ahead of COP30 in Brazil    Egypt harvests 315,000 cubic metres of rainwater in Sinai as part of flash flood protection measures    Al-Sisi says any party thinking Egypt will neglect water rights is 'completely mistaken'    Egyptian, Ugandan Presidents open business forum to boost trade    Egypt's Sisi, Uganda's Museveni discuss boosting ties    Egypt's Sisi warns against unilateral Nile measures, reaffirms Egypt's water security stance    Greco-Roman rock-cut tombs unearthed in Egypt's Aswan    Egypt reveals heritage e-training portal    Sisi launches new support initiative for families of war, terrorism victims    Egypt expands e-ticketing to 110 heritage sites, adds self-service kiosks at Saqqara    Palm Hills Squash Open debuts with 48 international stars, $250,000 prize pool    On Sport to broadcast Pan Arab Golf Championship for Juniors and Ladies in Egypt    Golf Festival in Cairo to mark Arab Golf Federation's 50th anniversary    Germany among EU's priciest labour markets – official data    Paris Olympic gold '24 medals hit record value    A minute of silence for Egyptian sports    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.