The 14th Ministerial Conference of the World Trade Organization Achieves Multiple Outcomes

People’s Finance News, March 30—The 14th Ministerial Conference of the World Trade Organization concluded on March 30 in Yaoundé, the capital of Cameroon. During the four-day meeting, participating representatives reached a number of outcomes. The meeting issued a joint ministerial declaration on the Agreement on Investment Facilitation for Development, signaling an important step toward the implementation of the world’s first multilateral investment agreement; it reached a temporary implementation arrangement for the E-commerce Agreement, which will strongly promote the development of global digital trade; ministers also adopted decisions on topics including fisheries subsidies, special and differential treatment for small economies, inspection and quarantine, and measures relating to technical regulations; and an important consensus was formed on WTO reform. (Xinhua)