World Trade Organization members agreed on Monday to hold the next ministerial conference in Cameroon in early 2026, the global trade watchdog said in a statement.
The WTO holds such conferences every two years where trade ministers from around the globe gather to try to reach deals to set or update new trade rules.
Cameroon's ambassador Salomon Eheth told a WTO meeting in Geneva he hoped the event scheduled from March 26-29, 2026 would be an opportunity to show the world the potential of Cameroon and Africa for investment and sustainable development, the WTO statement said.
Analysts expect the road ahead for the three-decade-old WTO will be challenging, likely characterised by trade wars with U.S. President-elect Donald Trump, who returns to the White House on Jan. 20.
The organisation has struggled to conclude negotiations in recent months and its last meeting in Abu Dhabi in February achieved only minimal results in negotiations where all 166 of the body's members must agree by consensus.
WTO Director-General Ngozi Okonjo-Iweala, who was re-appointed in November for a second term, said in a Geneva meeting last week that negotiators needed a fresh approach to negotiations in order to break the current deadlock.
"We must focus on delivering outcomes wherever and whenever possible," the former Nigerian finance minister said. "Negotiating in the 2020s requires a more dynamic approach, one where each area is considered on its own merits, allowing us to make progress across the board."
The Commercial Customs Operations Advisory Committee (COAC) held the fourth public meeting of its’17th Term Dec. 11 in Washington, DC. Troy A. Miller, U.S. Customs and Border Protection (CBP) Senior…
View ArticleThe U.S. Census Bureau announced today that preliminary November steel imports were $2.3 billion (1.9 million metric tons) compared to the preliminary October totals of $2.5 billion (2.2 million metric…
View ArticleS&P Global Ratings assigned its 'A+' long-term rating to the Triborough Bridge and Tunnel Authority (TBTA), N.Y.'s proposed $1.3 billion (Metropolitan Transportation Authority [MTA] Bridges and Tunnels) real estate transfer…
View ArticleCHIPS investment establishes a research hub in Indiana and brings next generation HBM and advanced packaging R&D to the U.S.
View ArticleAwards will establish the first domestic source of 300mm silicon wafers for advanced chips and expand production of 300mm silicon-on-insulator wafers
View ArticleSince 2022, Working Group VI of the United Nations Commission on International Trade Law (UNCITRAL), a subsidiary organ of the UN General Assembly, has been developing a new international convention…
View ArticleIndustry updates and weekly newsletter direct to your inbox!