The speaker: the WTO in crisis, it needs to revive from the ashes like the Phoenix

The speaker: the WTO in crisis, it needs to revive from the ashes like the Phoenix


The WTO countries must redouble efforts to achieve real results, said the head of Ministry of economic development Alexey Ulyukayev at the plenary session of the X Ministerial conference of the WTO in Nairobi.

NAIROBI, 16 Jan — RIA Novost. The world trade organization is in a critical situation, participants need to redouble their efforts to find compromises, to the WTO as a forum for settlement of trade disputes has risen from the ashes like the Phoenix bird, said the head of Ministry of economic development Alexey Ulyukayev at the plenary session of the X Ministerial conference of the WTO in Nairobi.

“We are now at the critical point. Two decades, the WTO has acted as a unique forum for multilateral negotiations. However, the negotiations with no real result is untenable. The letter “T” in the WTO means “trade” and not just “talks” (“talkings” — ed.) the System must perform its functions”, — said the speaker, Recalling that the decision to create the WTO was made 20 years ago also in Africa, in Marrakech.

“I want to reaffirm our determination to support the multilateral trading system, and especially the achievement of real results in Nairobi. We need to work with a lot of stress to make it in time. We hope that the WTO as a dispute settlement mechanism will rise from the ashes, like a Phoenix,” said the Russian Minister.

According to him, the WTO countries must redouble efforts to achieve real results. “I prefer to see the results of the WTO activity with your own eyes than to hope for the success of the great-grandchildren of our children. Every generation needs its own objectives and victory”, — stated the position of the speaker. He recalled that, in the opinion of some countries, the Doha round of negotiations has exhausted itself, and you need to start a new process; others call for the execution in full of the Doha agreements. Position not merely diverge, but are often completely opposite, stated the speaker.

“We can’t understand the logic of some WTO members that do not wish to support the consensus on the urgent issues which they essentially do not cause objections. The only reason for this reluctance is the “link” to related issues,” said the Minister. “We encourage members to exercise wisdom and prudence. Those who wants nothing, and anyone who stands 100% behind the Doha round. Diplomacy is always a compromise. We need to draw inspiration from the past and focus on the future”, the Minister said in his speach.

According to the head of the Russian delegation, regardless of the developments during the conference, participants must leave Nairobi with a clear plan for the future of the WTO, which should include all the new challenges in world trade. “Don’t need to expend energy on addressing issues that are already irrelevant,” said the speaker.