MC13 extended by a day since deadlock on key issues continuesThe 13th Ministerial Conference (MC), originally scheduled to conclude on February 29, has been extended by a day. Developing and developed nations have struggled to reach consensus on key issues, leading to the extension. 5This communication has called for usage of WTO forums to include environment in trade agenda instead of unilateral trade-related environmental measures. Previous WTO Ministerials had allowed civil society participants to engage freely, including distributing information and analyses, taking photos, and displaying banners. 8This is significant because the global average cost for digital remittances, at 4.84%, is notably lower than that for non-digital remittances.

Source: Economic Times March 04, 2024 05:04 UTC