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Home Foreign Affairs

G-33 Virtual Informal Ministerial Meeting

September 20, 2021
in Foreign Affairs
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G-33 Virtual Informal Ministerial Meeting
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In news– The G-33 Virtual Informal Ministerial Meeting organized by Indonesia was held recently.

Key highlights of the meeting-

  • The meeting was organized to discuss the Agricultural Priority Issues of G33 and the Way Forward for the Twelfth Ministerial Conference (MC-12) of WTO scheduled to be held from 30th November to 3rd December 2021.
  • The Informal Ministerial Meeting was chaired by the Minister of Trade of the Republic of Indonesia.
  • Out of a total of 47 G-33 Members, representatives from 21 Member countries, including India, took the floor to make brief intervention.
  • India’s official delegation for the meeting was headed by the Minister of Commerce & Industry.
  • In a revised G-33 proposal on public stockholding submitted to the WTO, India became a signatory.

About G-33/ Friends of Special Products-

  • G-33 is a coalition of developing countries, established prior to the 2003 Cancun ministerial conference, that have coordinated during the Doha Round of WTO negotiations, specifically in regard to agriculture.
  • Dominated by India, the group has “defensive” concerns regarding agriculture in relation to WTO negotiations, and seeks to limit the degree of market opening required of developing countries.
  • The group has advocated the creation of a “special products” exemption, which would allow developing countries to exempt certain products from tariff reductions, and also a “special safeguard mechanism” which would permit tariff increases in response to import surges.

Twelfth Ministerial Conference (MC-12) of WTO-

  • The MC-12 will take place from 30 November to 3 December 2021 in Geneva, Switzerland. 
  • The Conference will be chaired by Kazakhstan’s Minister of Trade and Integration, Bakhyt Sultanov, as approved by WTO members in December 2019.
  • The Ministerial Conference, which is attended by trade ministers and other senior officials from the WTO’s 164 members, is the highest decision-making body of the WTO.
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Source: PIB
Tags: PIBPrelims

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