WTO: FTA Welcomes “Historic” Deals Reached in Nairobi

On Saturday 19 December, at the World Trade Organisation’s 10th Ministerial Conference in Nairobi, Kenya, Members reached a series of agreements on the elimination of agricultural export subsidies, phasing out of tariffs on IT products, and other deliverables on farm trade and least developed country issues. The Ministerial Conference, which takes places every two years, is the highest decision-making body of the WTO and brings together top government officials from 162 member states.  The Foreign Trade Association welcomes these agreements due to their potential for fostering trade and development. However, the conference failed to propose a roadmap for the future of the WTO and how negotiations will evolve in the future.
 

FTA was present on the ground throughout the Ministerial in Nairobi, as part of the advisory team to provide input and advice the Delegation of the European Union. Furthermore, Pierre Gröning spoke at a high-level panel discussion entitled “Trade is global: What footprint in sourcing countries? – The case of flowers from Kenya” organised by FTA in the margins of the Ministerial. Prior to the Ministerial, FTA had significantly contributed in forming an alliance of more than 25 business associations from all five continents in support of the WTO. Negotiators from the WTO and EU stressed that business support has been “decisive” for successful talks.

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