Global trade talks open with call to fight poverty

Published December 16, 2015
MANILA: Activists hold a rally at the Philippine Department of Agriculture opposing the opening of the country’s agriculture market ahead of a pivotal WTO meeting in Nairobi.—AFP
MANILA: Activists hold a rally at the Philippine Department of Agriculture opposing the opening of the country’s agriculture market ahead of a pivotal WTO meeting in Nairobi.—AFP

NAIROBI: Global trade talks opened on Tuesday with host Kenya highlighting their role in combating poverty, and urging African nations to diversify their economies.

War-torn Afghanistan and Ebola-ravaged Liberia are set to join the World Trade Organisation (WTO) as it holds a ministerial conference in the Kenyan capital Nairobi, its first such meeting on African soil.

Leading experts have doubted the meeting’s chances of breathing new life into current trade talks, but Kenyan President Uhuru Kenyatta still called gathering “historic and crucial”.

“This conference will boost trade and investment, create employment and ultimately contribute to poverty eradication,” he said in a welcome message.

He also stressed the need for African countries to diversify their economies.

“National, regional and multilateral policy choices that we make will matter,” Kenyatta said. “The choices and positions we take will have consequences.”

Security is tight for the conference, with some 6,000 delegates in Nairobi.

Kenya has been hit by a string of attacks by Al-Qaeda’s East Africa branch, the Somali-led Shebab, but last month hosted Pope Francis, while in July, US President Barack Obama visited.

‘BREAKTHROUGH SEEMS UNLIKELY’: The 10th WTO ministerial meeting comes two years after the organisation’s member countries reached a landmark deal in Bali on revamping global customs procedures.

The 2013 pact was the first multilateral agreement concluded by the WTO since its inception in 1995, and also the first concrete progress since the Doha Round of trade liberalisation talks began.

“We took 18 years to deliver our first multi-lateral agreement in Bali, that’s way too long, we can’t wait another 18 years to deliver again,” WTO chief Roberto Azevedo told reporters Tuesday.

But there are few signs that countries will be able build on the momentum gained in Bali to carve out even a limited deal in Nairobi.

“I think if we go out of Nairobi with renewed confidence and with a common vision for the future that will be a fundamental achievement,” Azevedo said.

Insiders say negotiators will focus on trying to nail down a partial deal focused on agriculture export competition and trade development in the world’s poorest nations, but admit the chances of succeeding are shaky at best.

AGRICULTURE, EXPORT SUBSIDY DEALS? “It will attempt to deliver on the elusive agreements of the Doha Development Agenda, and deal with controversies over agricultural subsidies and market access for developing countries,” the European Centre for Development Policy Management (ECDPM) think tank said.

“However, despite previous efforts, scant progress has been made and a breakthrough at Nairobi seems unlikely.”

WTO deputy director David Shark was more upbeat, saying it was hoped that deals would be struck on agriculture, export subsidies and food security, and that there would be a debate on the nature of international trade.

Published in Dawn, December 16th, 2015

Follow Dawn Business on Twitter, LinkedIn, Instagram and Facebook for insights on business, finance and tech from Pakistan and across the world.

Opinion

Editorial

Signs of trouble
22 Aug, 2024

Signs of trouble

The administration cannot leave people in the affected areas at the mercy of terrorists.
Plugging the gap
22 Aug, 2024

Plugging the gap

IF fiscal prudence is a virtue then Pakistan’s budgets have been an exercise in vice for the last many years. This...
Karachi accident
22 Aug, 2024

Karachi accident

TWO innocents are dead. Amina, 26, and her father, Imran Arif, 60, were killed this Monday when a speeding SUV ...
Troubled tribunals
Updated 21 Aug, 2024

Troubled tribunals

Systems meant to act as a check and balance on our institutions and ensure compliance with the constitutional order keep failing us constantly.
Ceasefire farce
21 Aug, 2024

Ceasefire farce

AS Israel continues to mercilessly pound Gaza, the US pushes the fiction that a ceasefire is close in the besieged...
Silencing expression
21 Aug, 2024

Silencing expression

THE return of Aun Ali Khosa, a satirist and social media activist, has brought much relief to his family and...