The WTO General Council recently decided that the next WTO Ministerial Council meeting would be held in November this year in Geneva, rather than in June in Kazakhstan as had been planned. Although normally WTO Ministerial Conferences are held every two years, MC12, as it is called, will be the first Ministerial Cfonference since MC11 in Buenos Aires in December 2017.
That Conference was notable for its failure, for the first time, to agree a ministerial declaration affirming the continued importance of the WTO to the global trading system. Specifically, on agriculture, there were no agreed outcomes and no agreed work programme for the future.… Read the rest
The 2019 EU Trade Policy Review was recently published by the World Trade Organisation (WTO). The trade policy review process takes place every two years for major economies and is an important transparency tool. The country under review produces a policy report summarising major trade policy developments since the last review. A second report is written independently by the WTO Secretariat. These reports are then discussed by the full membership in the WTO’s Trade Policy Review Body. Indeed, the EU received more than 1,600 written questions from other WTO members on these reports to which it has provided written answers (unfortunately, the latter files are restricted and not publicly available on the WTO website).… Read the rest
The UK election has
resulted in a resounding victory for the Conservative Party under Boris Johnson
with its manifesto call to ‘get Brexit done’. The
Conservatives won 365 seats, Labour 203, Scottish National Party 48, Liberal
Democrats 11, the Northern Ireland Democratic Unionist Party 8, and other
parties 15 seats giving the Conservative Party a thumping 80-seat majority.
One interpretation of the result is that a majority in the UK has now voted for Brexit. However, counting the votes cast instead of seats won shows a slight majority (52-48) voted in favour of parties that were opposed to Brexit or wanted a second referendum.… Read the rest