In December in Nairobi to host Ministerial meeting of member countries of the WTO, one of the topics of discussion will be export competition, the limitation of subsidies. The head of the MAYOR Alexei Ulyukayev stressed that first of all will discuss the limitations in the field of agricultural exports.
MANILA (Philippines), 17 Nov. Restriction of subsidies in agricultural exports will be one of the topics of the Ministerial meeting of member countries of the WTO to be held in December in Nairobi, told journalists the Minister of economic development Alexey Ulyukaev on the sidelines of the Ministerial meeting of APEC.
He noted that the summit of APEC leaders on November 18-19 will be provided with recommendations for discussion at the WTO, in which it is planned to consolidate three important items for discussion. “One is export competition, the limitation of subsidies. Especially in the field of agricultural exports. The second development, the third is the transparency of regulation. Such positions will be recorded and will be made a judgment about how we move this agenda forward from Nairobi”, he said.
Speaking at a special session of the APEC preparations for the 10th Ministerial conference of the WTO, the speaker emphasized the importance of the negotiating function of the WTO as the main forum for multilateral trade negotiations. “The world trade organization should retain the ability to adapt to adequately respond to numerous modern challenges in the global economy” — are his words in the press release the MAYOR.
According to the speaker, in the forthcoming December conference in Nairobi is the best opportunity to demonstrate the relevance of the WTO. “December can be presented as a package, he said. — On specific elements of these arrangements we are now working”.
Ulyukayev earlier reported that Russia and China agreed that the meeting in Nairobi will stand firmly for the continuation of the Doha round of negotiations. The Doha round of negotiations, member countries of the WTO that began in 2001 in Qatar, is seeking to resolve trade conflicts between countries with different levels of economic development.