Madagascar told the World Trade Organization July 18 that it opened on that date a safeguard investigation on certain types of edible vegetable oils, the WTO announced. The island nation said interested parties "must make themselves known" to the country's investigating authority within 30 days of the opening of the investigation.
Comoros and Timor-Leste submitted their acceptances of "WTO Protocols of Accession" and the fisheries subsidies agreement on July 22 to open the General Council meeting, the World Trade Organization announced. The moves set up the two nations to become the 165th and 166th members of the WTO in late August, the trade body said.
Iraq resumed its talks on accession to the World Trade Organization on July 18 following a 16-year break in the negotiating process. The WTO said Iraq "reaffirmed its pledge to join" the world body, while noting its "significant economic and legislative reforms."
The facilitator of the negotiations on World Trade Organization dispute settlement reform, Mauritius' Usha Dwarka-Canabady, said that members have made progress on the "issue of accessibility" but that the topic of the appeals process "might take a bit more time," the WTO said. Reporting on the state of the negotiations on July 18, Dwarka-Canabady said talks must "accelerate."
Benin and Sierra Leone formally accepted the World Trade Organization Agreement on Fisheries Subsidies July 19, bringing to 80 the number of countries that have accepted the deal. The WTO requires 30 more formal acceptances to reach the two-thirds of membership threshold needed for the agreement to be able to enter into force.
Trade ministers from the U.S., the EU, France, Italy, the U.K., Canada, Germany and Japan reiterated that they are committed to revising the World Trade Organization's dispute settlement, monitoring and negotiating functions, and to restoring a fully functioning dispute settlement system by year-end.
World Trade Organization members at the July 10 meeting of the Council for Trade-Related Aspects of Intellectual Property Rights discussed "arrangements for reviewing implementation of the TRIPS Agreement," the WTO announced.
The World Trade Organization released its latest Trade Monitoring Update July 8, showing that WTO members have introduced more trade-facilitating measures than trade-restricting ones on goods from mid-October to mid-May. The update also shows a "rapid increase in industrial policy subsidies," especially in areas related to climate change and national security, the WTO said.
World Trade Organization members attending the June 25-28 Sanitary and Phytosanitary Measures Committee meeting discussed 21 proposals for the sixth review of the operation and implementation of the WTO Agreement on the Application of SPM. The proposal covered topics such as "addressing modern challenges and emerging risks, voluntary third-party assurance programmes, regionalization, technology, transparency, and maximum residue levels," the WTO said.
Kazakhstan formally accepted the World Trade Organization Agreement on Fisheries Subsidies July 1, bringing to 78 the number of countries that have accepted the deal. The WTO requires 32 more to reach the two-thirds threshold needed for the agreement to be able to enter into force.