GS-2: Important International institutions, agencies and fora- their structure, mandate.
Context: The 164 membered WTO’s 12th Ministerial Conference (MC12) took place from 12 to 17 June 2022 at WTO headquarters in Geneva.
- Ministers from across the world attended to review the functioning of the multilateral trading system, to make general statements and to take action on the future work of the WTO.
- The Conference was co-hosted by Kazakhstan. Kazakhstan was originally scheduled to host MC12 in June 2020 but the conference was postponed due to the COVID-19 pandemic.
- Agreement was found on WTO reform, vaccine production and fishing subsidies, among others. Negotiators prevailed despite geopolitical tensions (Russia-Ukraine).
Mains Practice Question – Critically analyse the outcome of 12th Ministerial Conference of WTO. Were India’s interests been protected during the negotiations?
Note: Write answers to this question in the comment section.