WTO members successfully concluded the 12th Ministerial Conference (MC12) in Geneva on 17 June,2022 securing multilaterally negotiated outcomes on a series of trade initiatives in key areas of trade that include agriculture, fisheries, the supply of vaccines and the continuation of the E-Commerce Moratorium, the latter confirming that trade tariffs will not be applied to digital trade.

The “Geneva Package” confirms the importance of the multilateral trading system and underlines the important role the WTO has in addressing the world’s most pressing trade issues at a particular time when global trade solutions are vital.

International Trade Secretary Liz Truss has also released a statement as to the role the UK played in the Ministerial Conference, the UK’s first as an independent member.

The WTO Article can be accessed at the link below

https://www.wto.org/english/news_e/news22_e/mc12_17jun22_e.htm

The International Trade Secretary’s statement can be accessed at the link below

https://www.gov.uk/government/news/uk-statement-following-the-conclusion-of-the-wto-ministerial-conference