UAE To Host Key WTO Conference, Aims To Strengthen Global Trade Order

The World Trade Organisation's (WTO) upcoming 13th Ministerial Conference (MC13) in Abu Dhabi is set to be a pivotal moment for reinforcing the rules-based global order, as stated by Hadja Lahbib, Belgium’s Minister for Foreign Affairs, Foreign Trade, and the Federal Cultural Institutions. In a recent email interview, Lahbib highlighted the significance of the conference amidst current geopolitical and geoeconomic challenges. The event is seen as a crucial platform for sending a strong message that a rules-based global order is effective and necessary.

The United Arab Emirates (UAE) is preparing to host the MC13 from 26th to 29th February 2024 in Abu Dhabi. This follows the successful organization of COP28, the UN Climate Conference in Dubai in December 2023. The Ministerial Conference, which is the WTO's highest decision-making body and convenes biennially, will see participation from around 164 nations and trading blocs. Lahbib expressed confidence in the UAE's capability to facilitate ambitious outcomes during the conference and emphasized the opportunity to strengthen Belgium’s ties with the UAE and the broader region.

During MC13, Belgium will be at the forefront of coordinating the European Union’s (EU) stance, owing to its six-month tenure as President of the Council of the European Union. The country will work closely with the 27 EU Member States and the European Commission, which represents the EU in negotiations. A key political priority for the EU is to revitalize a fully functional Dispute Settlement Body within the WTO, including an appeal procedure. Other focal points include extending the e-commerce moratorium and reaching an ambitious agreement on fisheries subsidies.

Welcoming New Members and Advocating for WTO Reforms

Lahbib welcomed the accession of Comoros and Timor-Leste to the WTO, viewing it as evidence of the organization's enduring relevance and appeal. She underscored the importance of strengthening the multilateral system with the WTO at its core to prevent economic fragmentation. Reflecting on initial steps taken towards WTO reform during MC12, Lahbib reaffirmed commitment to continuing these efforts at MC13 and beyond. The EU has proposed creating a platform within the WTO framework to address contemporary challenges related to trade and industrial policy, environmental concerns, and inclusiveness.

In summary, MC13 represents a critical juncture for reinforcing global trade norms and fostering cooperation among nations. With Belgium playing a key role in shaping EU policies and priorities, and with the UAE providing a platform for dialogue and decision-making, there is an optimistic outlook for achieving substantial progress towards a more robust and inclusive international trading system.

With inputs from WAM