{"id":195830,"date":"2022-06-13T14:47:31","date_gmt":"2022-06-13T13:47:31","guid":{"rendered":"https:\/\/www.withinnigeria.com\/news\/?p=195830"},"modified":"2022-06-13T14:47:31","modified_gmt":"2022-06-13T13:47:31","slug":"wto-members-must-respond-swiftly-to-global-crisis-okonjo-iweala","status":"publish","type":"post","link":"https:\/\/www.withinnigeria.com\/news\/2022\/06\/13\/wto-members-must-respond-swiftly-to-global-crisis-okonjo-iweala\/","title":{"rendered":"WTO members must respond swiftly to global crisis, Okonjo-Iweala"},"content":{"rendered":"<p>The World Trade Organisation (WTO) has implored members to respond to global crisis with a sense of urgency.<\/p>\n<p>This was made known on Sunday by\u00a0<span data-preserver-spaces=\"true\">Ngozi Okonjo-Iweala, WTO director-general<\/span>\u00a0while giving her opening remarks at the twelfth ministerial conference (MC) in Geneva.<\/p>\n<p><span data-preserver-spaces=\"true\">She said it was important for countries to respond quickly to crises, adding that with the full backing from members, the WTO can exercise its duty.<\/span><\/p>\n<p><span data-preserver-spaces=\"true\">\u201cWTO members must respond to global crises with a sense of urgency. In this regard, you will have to complete the work that will allow the <a href=\"https:\/\/www.withinnigeria.com\/news\/2022\/03\/03\/okonjo-iweala-wto-concerned-about-casualties-trade-implications-of-russia-ukraine-war\/\">WTO<\/a> to have a holistic response to this pandemic and future ones. This consists of two parts \u2014 a trade and health declaration and a legally binding agreement on a TRIPS waiver,\u201d she said.\u00a0<\/span><\/p>\n<p><span data-preserver-spaces=\"true\">\u201cThe WTO must also respond to a looming food crisis. Droughts, floods, heat waves, and other extreme weather events had already combined with COVID-19 and<\/span><span data-preserver-spaces=\"true\">\u00a0pandemic-related supply chain bottlenecks to lead to rising food prices around the world. The war in Ukraine has escalated this situation.<\/span><\/p>\n<p><span data-preserver-spaces=\"true\">\u201cMany low and middle-income countries import a substantial percentage of their food and agricultural inputs from the region. For example, 35 countries in Africa import food products and 22 import fertilizer from the Black Sea region.<\/span><\/p>\n<p><span data-preserver-spaces=\"true\">\u201cLow-income countries face a catastrophic situation if action is not taken at both national and international levels.\u201d<\/span><\/p>\n<p><span data-preserver-spaces=\"true\">Okonjo-Iweala urged members to allow a free flow of food without restrictions.<\/span><\/p>\n<p><span data-preserver-spaces=\"true\">She added that cultivating the multilateral trade reforms would go a long way in curbing some of the food crises faced by countries at the moment.<\/span><\/p>\n<p><span data-preserver-spaces=\"true\">\u201cWTO members can contribute by allowing the free flow of food and agricultural inputs, especially for humanitarian purposes. The draft ministerial decision on exempting World Food Programme humanitarian purchases from export restrictions and the draft ministerial declaration on trade and food security give you ministers a chance to make WTO members part of the multilateral solution to this crisis we face,\u201d she added.<\/span><\/p>\n<p><span data-preserver-spaces=\"true\">\u201cThis must be coupled with support to poor countries rich in land and natural resources to produce more of their food. In this regard, we appreciate the various initiatives at the World Bank, the African Development Bank, and the EU presidency\u2019s FARM initiative to provide such support.<\/span><\/p>\n<p><span data-preserver-spaces=\"true\">\u201cThis notwithstanding, several members and groups of members have put forward their priorities on agriculture for decisions or adoption. I hope ministers will find a way forward in agriculture post-MC12. We must not let agriculture drop by the wayside because of our differences.<\/span><\/p>\n<p><span data-preserver-spaces=\"true\">\u201cTrade is an instrument for development, it\u2019s not an end in itself. In fact, tapping into international markets for value-added goods and services has been history\u2019s most proven path towards development. But too many of our members have not been able to start or stay on this path.<\/span><\/p>\n<p><span data-preserver-spaces=\"true\">\u201cThat\u2019s why special and differential treatment remains necessary. It would be great if members that don\u2019t need special and differential treatment because they are on the right track make clear they won\u2019t avail of it so that flexibilities can go to those who need them.\u201d<\/span><\/p>\n<p><span data-preserver-spaces=\"true\">Last week, the Food and Agriculture Organisation (FAO) said global food trade system must be kept open and<\/span><span data-preserver-spaces=\"true\">\u00a0agricultural food must not be taxed.\u00a0<\/span><\/p>\n","protected":false},"excerpt":{"rendered":"<p>The World Trade Organisation (WTO) has implored members to respond to global crisis with a sense of urgency. This was made known on Sunday by\u00a0Ngozi Okonjo-Iweala, WTO director-general\u00a0while giving her opening remarks at the twelfth ministerial conference (MC) in Geneva. She said it was important for countries to respond quickly to crises, adding that with [&hellip;]<\/p>\n","protected":false},"author":17,"featured_media":156438,"comment_status":"open","ping_status":"closed","sticky":false,"template":"","format":"standard","meta":{"jnews-multi-image_gallery":[],"jnews_single_post":[],"jnews_primary_category":[],"jnews_override_bookmark_settings":[],"jnews_override_counter":[],"footnotes":""},"categories":[37],"tags":[38424,39880,5299,39879,39878],"class_list":["post-195830","post","type-post","status-publish","format-standard","has-post-thumbnail","hentry","category-world","tag-geneva","tag-global-crisis","tag-ngozi-okonjo-iweala","tag-world-trade","tag-world-trade-organisation-wto"],"yoast_head":"<!-- This site is optimized with the Yoast SEO Premium plugin v27.4 (Yoast SEO v27.4) - https:\/\/yoast.com\/product\/yoast-seo-premium-wordpress\/ -->\n<title>WTO members must respond swiftly to global crisis, Okonjo-Iweala<\/title>\n<meta name=\"description\" content=\"The World Trade Organisation (WTO) has implored members to respond to global crisis with a sense of urgency\" \/>\n<meta name=\"robots\" content=\"index, follow, max-snippet:-1, max-image-preview:large, max-video-preview:-1\" \/>\n<link rel=\"canonical\" href=\"https:\/\/www.withinnigeria.com\/news\/2022\/06\/13\/wto-members-must-respond-swiftly-to-global-crisis-okonjo-iweala\/\" \/>\n<meta property=\"og:locale\" content=\"en_GB\" \/>\n<meta property=\"og:type\" content=\"article\" \/>\n<meta property=\"og:title\" content=\"WTO members must respond swiftly to global crisis, Okonjo-Iweala\" \/>\n<meta property=\"og:description\" content=\"The World Trade Organisation (WTO) has implored members to respond to global crisis with a sense of urgency. 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