MC12: How to make the WTO relevant in the middle of a food price crisis

The World Trade Organization’s 12th Ministerial Conference (WTO MC12) takes place June 12–15, 2022, in Geneva — two years after the pandemic forced members to postpone the meeting’s original schedule. In that time span, the world has changed and the need for multilateral approaches to tackling inter...

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Detalles Bibliográficos
Autores principales: Glauber, Joseph W., Laborde Debucquet, David, Mamun, Abdullah, Olivetti, Elsa, Piñeiro, Valeria
Formato: Capítulo de libro
Lenguaje:Inglés
Publicado: International Food Policy Research Institute 2023
Materias:
Acceso en línea:https://hdl.handle.net/10568/140093
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author Glauber, Joseph W.
Laborde Debucquet, David
Mamun, Abdullah
Olivetti, Elsa
Piñeiro, Valeria
author_browse Glauber, Joseph W.
Laborde Debucquet, David
Mamun, Abdullah
Olivetti, Elsa
Piñeiro, Valeria
author_facet Glauber, Joseph W.
Laborde Debucquet, David
Mamun, Abdullah
Olivetti, Elsa
Piñeiro, Valeria
author_sort Glauber, Joseph W.
collection Repository of Agricultural Research Outputs (CGSpace)
description The World Trade Organization’s 12th Ministerial Conference (WTO MC12) takes place June 12–15, 2022, in Geneva — two years after the pandemic forced members to postpone the meeting’s original schedule. In that time span, the world has changed and the need for multilateral approaches to tackling international trade issues has become even more acute. The Russia-Ukraine war has highlighted a variety of unresolved trade issues as poor countries struggle to meet food security needs amid tightening global supplies and high prices, exacerbated by a conflict whose two participants account for 12% of world agricultural exports (on a calorie basis) and threatening 20% of global fertilizer trade. Two issues of particular concern amid the growing food crisis are export restrictions and public stockholding programs. Agricultural export restrictions have been a major topic in global trade negotiations since the food price crisis of 2007/08, when many countries imposed such measures, particularly on food grains like wheat and rice. Now it is happening again: Since Russia’s invasion of Ukraine in February 2022, 23 countries have imposed export restrictions affecting over 16% of global agricultural trade (on a calorie basis).
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spelling CGSpace1400932025-11-06T04:00:51Z MC12: How to make the WTO relevant in the middle of a food price crisis Glauber, Joseph W. Laborde Debucquet, David Mamun, Abdullah Olivetti, Elsa Piñeiro, Valeria fertilizers exports shock policies war coronavirus covid-19 supply agriculture markets trade coronavirinae wto russia food security ukraine conflicts coronavirus disease prices climate change The World Trade Organization’s 12th Ministerial Conference (WTO MC12) takes place June 12–15, 2022, in Geneva — two years after the pandemic forced members to postpone the meeting’s original schedule. In that time span, the world has changed and the need for multilateral approaches to tackling international trade issues has become even more acute. The Russia-Ukraine war has highlighted a variety of unresolved trade issues as poor countries struggle to meet food security needs amid tightening global supplies and high prices, exacerbated by a conflict whose two participants account for 12% of world agricultural exports (on a calorie basis) and threatening 20% of global fertilizer trade. Two issues of particular concern amid the growing food crisis are export restrictions and public stockholding programs. Agricultural export restrictions have been a major topic in global trade negotiations since the food price crisis of 2007/08, when many countries imposed such measures, particularly on food grains like wheat and rice. Now it is happening again: Since Russia’s invasion of Ukraine in February 2022, 23 countries have imposed export restrictions affecting over 16% of global agricultural trade (on a calorie basis). 2023-07-11 2024-03-14T12:08:54Z 2024-03-14T12:08:54Z Book Chapter https://hdl.handle.net/10568/140093 en https://doi.org/10.2499/9780896294394 https://www.ifpri.org/blog/mc12-how-make-wto-relevant-middle-food-price-crisis Open Access application/pdf International Food Policy Research Institute Glauber, Joseph W.; Laborde Debucquet, David; Mamun, Abdullah; Olivetti, Elsa; and Piñeiro, Valeria. 2023. MC12: How to make the WTO relevant in the middle of a food price crisis. In The Russia-Ukraine Conflict and Global Food Security, eds. Joseph Glauber and David Laborde Debucquet. Section Two: Policy Recommendations, Chapter 16, Pp. 81-85. https://doi.org/10.2499/9780896294394_16.
spellingShingle fertilizers
exports
shock
policies
war
coronavirus
covid-19
supply
agriculture
markets
trade
coronavirinae
wto
russia
food security
ukraine
conflicts
coronavirus disease
prices
climate change
Glauber, Joseph W.
Laborde Debucquet, David
Mamun, Abdullah
Olivetti, Elsa
Piñeiro, Valeria
MC12: How to make the WTO relevant in the middle of a food price crisis
title MC12: How to make the WTO relevant in the middle of a food price crisis
title_full MC12: How to make the WTO relevant in the middle of a food price crisis
title_fullStr MC12: How to make the WTO relevant in the middle of a food price crisis
title_full_unstemmed MC12: How to make the WTO relevant in the middle of a food price crisis
title_short MC12: How to make the WTO relevant in the middle of a food price crisis
title_sort mc12 how to make the wto relevant in the middle of a food price crisis
topic fertilizers
exports
shock
policies
war
coronavirus
covid-19
supply
agriculture
markets
trade
coronavirinae
wto
russia
food security
ukraine
conflicts
coronavirus disease
prices
climate change
url https://hdl.handle.net/10568/140093
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