Tuesday, 15 December 2015

As Kenya Hosts WTO 10th Ministerial Conference

Kenya will once again be in the global spotlight as it becomes the first African country to hold a ministerial conference of the World Trade Organisation (WTO) starting today Tuesday December 15, 2015.
Twenty years since the WTO was formed, Kenya will become the first country in Africa – categorised as the Least Developed Countries (LDC) – to hold the 10th Ministerial Conference of the WTO that has been dubbed MC10 and to be held between December 15 and 18, 2015.
 The agenda is the current trade-negotiation round of the WTO which commenced in November 2001 and aims to achieve major reform of the international trading system through the introduction of lower trade barriers and revised trade rules. 
In the case of the Doha round, that means cutting import taxes – which are known as tariffs – on everything from wheat to cars to lingerie.

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