World Trade Organization Deputy Director-General Angela Ellard said that priorities for the 13th Ministerial Conference, which takes place Feb. 26-29 in Abu Dhabi, are negotiating the second wave of the fisheries subsidies agreement, extending the e-commerce moratorium and continuing conversations on WTO reform.
The 13th Ministerial Conference must deliver on proposals aimed at strengthening existing flexibilities in World Trade Organization agreements for developing nations, Director-General Ngozi Okonjo-Iweala urged last week. Ten agreement-specific proposals, which were tabled by the WTO G-90 group of developing WTO nations, are ripe for action at MC13, Feb. 26-29, according to WTO.
Indonesia requested dispute consultations at the World Trade Organization on Feb. 12 regarding the EU's antidumping duties on fatty acids from Indonesia, the WTO announced. Indonesia said the duties violate the WTO's Anti-Dumping Agreement and the General Agreement on Tariffs and Trade. The request formally starts the dispute and sets up both parties to start a 60-day consultation period. Should consultations prove unsuccessful, "the complainant may request adjudication by a panel," the WTO said. The dispute concerns fatty acids, which are used in a "variety of consumer products as well as industrial lubricants."
World Trade Organization members engaging in e-commerce negotiations carried out the first review of text on the topic during Jan. 29 to Feb. 2 talks, the WTO announced. Australia's James Baxter, chair of the 2024 plenary meetings, said that the progress achieved at the negotiations shows that an agreement can be completed "in the next few months."
U.S. priorities during the World Trade Organization's upcoming 13th Ministerial Conference should center on extending the moratorium on e-commerce duties and advancing the second wave of talks on curbing harmful fisheries subsidies, witnesses said at a Feb. 7 hearing of the House Ways and Means Subcommittee on Trade.
Turkey's Ambassador Alparslan Acarsoy, chair of the World Trade Organization's agriculture negotiating body, introduced a draft negotiating text on Jan. 30, which could serve as the basis for talks in the run-up to the 13th Ministerial Conference, the WTO announced. The five-page draft text "builds on the negotiating submissions and interventions that members have made" along with "recent consultations in various formats."
The first meeting of the Steering Committee of the World Trade Organization Fisheries Funding Mechanism was held Jan. 31 to help developing nations and least-developed countries implement the fisheries subsidies deal, the WTO announced.
Turkey will appeal a World Trade Organization dispute panel finding against its retaliatory duties on certain U.S. goods, the WTO announced Jan. 31. Because the Appellate Body is nonfunctional as the U.S. prevents vacancies from being filled, the appeal goes "into the void." As a result, Turkey's tariffs may stand without further rebuke from the WTO.
The sixth iteration of a draft consolidated text on World Trade Organization reform was circulated to WTO members on Jan. 29, the global trade body announced. WTO members were briefed on the latest updates regarding informal talks on dispute settlement reform during a Jan. 26 meeting of the Dispute Settlement Body, and the WTO said it expects final comments on the text will be incorporated the week of Feb. 5. A final draft text is expected by Feb. 9.
Cape Verde formally accepted the agreement on fisheries subsidies Jan. 26, the World Trade Organization announced. Fifty-six members have now accepted the deal, which is just over half the number needed to make a two-thirds majority for ratification.