WTO (World Trade Organisation) members have agreed that the 14th Ministerial Conference (MC14) will take place from 26 to 29 March 2026 in Cameroon. MC is the highest decision making body of the multi-lateral organisation. It meets once every two years. The last one was held in Abu Dhabi in 2024.
“Delaying decisions on past ministerial mandates, such as PSH (public stockholding) and SSM (special safeguard mechanism), exacerbates the hunger crisis and violates human rights,” a Geneva-based trade official said.
He added that the current agreement’s rules, favouring developed nations with outdated subsidy systems, are flawed and do not account for inflation.
“Developed countries can provide substantial support without limits, while developing countries, including LDCs, struggle to offer even minimal support due to restrictive policies,” the official added.
Content Source: economictimes.indiatimes.com