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

dc.creatorGlauber, Joseph W.
dc.creatorLaborde Debucquet, David
dc.creatorMamun, Abdullah
dc.creatorOlivetti, Elsa
dc.creatorPiñeiro, Valeria
dc.date2023-07-11
dc.date2024-03-14T12:08:54Z
dc.date2024-03-14T12:08:54Z
dc.date.accessioned2026-06-27T15:15:49Z
dc.descriptionThe 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).
dc.formatapplication/pdf
dc.identifierhttps://hdl.handle.net/10568/140093
dc.identifier.urihttp://hdl.handle.net/123456789/99256
dc.languageen
dc.publisherInternational Food Policy Research Institute
dc.relationhttps://doi.org/10.2499/9780896294394
dc.relationhttps://www.ifpri.org/blog/mc12-how-make-wto-relevant-middle-food-price-crisis
dc.rightsOpen Access
dc.sourceGlauber, 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.
dc.subjectfertilizers
dc.subjectexports
dc.subjectshock
dc.subjectpolicies
dc.subjectwar
dc.subjectcoronavirus
dc.subjectcovid-19
dc.subjectsupply
dc.subjectagriculture
dc.subjectmarkets
dc.subjecttrade
dc.subjectcoronavirinae
dc.subjectwto
dc.subjectrussia
dc.subjectfood security
dc.subjectukraine
dc.subjectconflicts
dc.subjectcoronavirus disease
dc.subjectprices
dc.subjectclimate change
dc.titleMC12: How to make the WTO relevant in the middle of a food price crisis
dc.typeBook Chapter

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