12th WTO Ministerial Conference to be held in Geneva from 12-15 June | Daily Current Affairs Dose

12th WTO Ministerial Conference to be held in Geneva from 12-15 June | Daily Current Affairs Dose

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12th WTO Ministerial Conference to be held in Geneva from 12-15 June | Daily Current Affairs Dose

The 12th World Trade Organisation, WTO Ministerial Conference (MC12) will be held from 12-15 June 2022 at WTO headquarters in Geneva, Switzerland after a gap of almost five years. 

The key areas of discussions and negotiations at this year’s WTO Ministerial Conference (MC12) include WTO’s response to the pandemic, Fisheries subsidies negotiations and Agriculture issues including Public Stockholding for Food security.

Read Also: UN appoints Indian diplomat Amandeep Singh Gill as Envoy on Technology

Co-hosted by

The Conference will be co-hosted by Kazakhstan and chaired by Mr Timur Suleimenov, Deputy Chief of Staff of Kazakhstan's President. Kazakhstan was originally scheduled to host WTO Ministerial Conference (MC12) in June 2020 but the conference was postponed due to the COVID-19 pandemic.

Background

WTO Ministerial Conference (MC12) was originally scheduled to take place in June 2020 in Nur-Sultan, Kazakhstan, but was postponed due to the COVID-19 pandemic. In April 2021, members agreed that MC12 would take place in Geneva from 30 November to 3 December. However, an outbreak of a new highly transmissible strain of the COVID-19 virus and resulting travel restrictions led to a General Council decision on 26 November 2021 to postpone MC12 indefinitely.

Indian Delegation in 12th WTO Ministerial Conference (MC12)

The Indian delegation will be headed by Commerce and Industry Minister Piyush Goyal. India has a vital stake in protecting the interests of all stakeholders in the country as well as the interests of the developing and poor nations that look up to the leadership of India at multilateral forums including WTO.(inp:newsOnair, wto)

Important facts for upcoming exams from the above Current Affairs Topic

• Formation of WTO: 1 January 1995
• Purpose of WTO: Reduction of tariffs and other barriers to trade
• Headquarters of WTO: Geneva, Switzerland
• Members of WTO: 164 Countries
• Director-General: Ngozi Okonjo-Iweala