The WTO approved a Declaration prohibiting the grant of selkhoztechnica

The WTO approved a Declaration prohibiting the grant of selkhoztechnica


The WTO decision on export competition in agriculture provides for a complete ban on granting export subsidies as of December 19, said the Director of the Department of trade negotiations Ministry of economic development Maxim Medvedkov.

NAIROBI, 19 Dec. Countries participating in the world trade organization at the tenth WTO Ministerial conference in Nairobi endorsed a final Declaration, which among other things prohibits the export subsidy of agriculture, told journalists the Director of Department of trade negotiations Ministry of economic development Maxim Medvedkov.

“The WTO decision on export competition in agriculture provides for a complete ban on export subsidies today,” said Medvedkov on the results of the formal vote of WTO countries.

“But there are exceptions — those countries that over the past three years did not provide subsidies, they more provide not. Countries that now provide subsidies, they will continue to provide, but with a time limit — for developed countries — until the end of 2022, for emerging economies — before the end of 2023, the least developed countries — until the end of 2030”, — he concluded.