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The 14th Ministerial Conference of the World Trade Organization (WTO) concluded in Yaoundé, Cameroon, where the Saudi delegation, led by Farid Al-Assali, expressed the Kingdom's full support for reform efforts. The conference addressed issues related to dispute resolution and food security for developing countries.
The United States has sharply criticized the World Trade Organization (WTO), stating that its current policies hinder global trade and negatively affect the U.S. economy. These remarks come at a sensitive time as the global economy faces significant challenges.
During the 14th Ministerial Conference of the World Trade Organization in Yaoundé, Saudi Arabia urged for enhanced reform efforts, particularly in dispute resolution and food security for developing countries. The Kingdom emphasized the importance of facilitating countries' accession to the organization and boosting e-commerce.
Negotiations among World Trade Organization (WTO) trade ministers are nearing an agreement on a comprehensive reform plan, amid ongoing disputes between the United States and India regarding the extension of a tariff freeze on electronic transactions. This extension is seen as a test of the organization's viability after a year of trade disruptions.
During the opening of the 14th Ministerial Conference in Yaoundé, Cameroon, WTO Director-General Ngozi Okonjo-Iweala stated that the multilateral trade system has undergone irreversible changes, urging nations to rethink global trade reforms.