World Trade Organization — Latest news
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The 129 WTO members participating in the Investment Facilitation for Development Agreement (IFDA) issued a joint ministerial declaration on 29 March at the end of the 14th Ministerial Conference in Yaoundé, Cameroon. A joint press release by the IFDA co-Coordinators — the Republic of Korea and Chile — is provided below.
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The WTO's 14th Ministerial Conference (MC14) concluded early 30 March with ministers adopting a number of decisions as well as making a commitment to continue work in Geneva on key outstanding issues.
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The Multi-Party Interim Appeal Arbitration Arrangement (MPIA) is serving as a practical, confidence building bridge for WTO members committed to a fully functioning dispute settlement system pending an agreement on dispute settlement reform, Director-General Ngozi Okonjo-Iweala said on 28 March. She made her remarks at a meeting of parties to the MPIA on the sidelines of the WTO's 14th Ministerial Conference (MC14).
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Ministers and senior officials attending the WTO's 14th Ministerial Conference (MC14) participated in a series of meetings on 28 March to address key issues on the WTO agenda and to provide political direction for the post-MC14 work ahead.
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Sixty-six members, covering approximately 70% of global trade, have adopted a pathway to bring into force the WTO Agreement on Electronic Commerce through interim arrangements while continuing to work towards its incorporation into the WTO legal framework of rules, co-convenors announced on 28 March at the 14th Ministerial Conference taking place in Yaoundé, Cameroon. The joint press release is below.