WTO News

World Trade Organization — Latest news
  1. The WTO Secretariat has circulated a meeting notice and list of items proposed for the next meeting, on 26 July 2024, of the Dispute Settlement Body, which consists of all WTO members and oversees legal disputes among them. The meeting notice is circulated in the form of a document officially called an “airgram”.
  2. Fifty-eight WTO members took the floor at a 22 July meeting of the WTO General Council to voice support for a proposal from the African Group calling for an early start to the Director-General selection process and asking the incumbent, Ngozi Okonjo-Iweala, to make herself available to serve a second term. Members also considered proposals to set out a work programme for future negotiations on agriculture and to incorporate the Investment Facilitation for Development (IFD) Agreement into the WTO framework.
  3. At a ceremony at the start of the General Council meeting on 22 July, Comoros and Timor-Leste handed over to WTO Director-General Ngozi Okonjo-Iweala their acceptance of the WTO Protocols of Accession, setting both countries on course to formally become the 165th and 166th members of the WTO in late August. Comoros and Timor-Leste also handed over to the Director-General their respective instruments of acceptance of the Agreement on Fisheries Subsidies.
  4. Benin and Sierra Leone deposited their instruments of acceptance of the Agreement on Fisheries Subsidies on 19 July, advancing the tally of formal acceptances to 80. Ambassador Corinne Brunet of Benin and Ambassador Lansana Gberie of Sierra Leone presented the instruments of acceptance to Director-General Ngozi Okonjo-Iweala.
  5. At the third meeting of the Working Party on the Accession of Iraq on 18 July, WTO members welcomed the formal resumption of the country’s accession process after a 16-year hiatus, commending Iraq for its renewed political commitment and engagement in the accession process. Iraq reaffirmed its pledge to join the WTO, highlighting significant economic and legislative reforms.

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