Minister for Trade and Industry, Kobina Tahir Hammond, is calling for improved systems will enable developing countries like Ghana to effectively participate in negotiations of the World Trade Organisations (WTO).
Mr. Hammond also wants the restoration of a fully functional two-tier dispute settlement mechanism.
This, he proposed should be made up of Panels and the Appellate Body to give the multilateral trading system (MTS) the needed predictability and certainty.
Additionally, Mr. Hammond is pressing for transparency of governments’ trade measures, especially as it pertains to export prohibitions and restrictions as witnessed during the height of the COVID crisis.
“An issue of much concern as I welcome you to Ghana, your Excellency there seems to be lack of proper dispute settlement due to the collapse of the appellate body some time ago which didn’t give parties more room to appeal on their issues. I will like to urge you to take a critical look at it and find a lasting solution to it so that we have a proper adjudicator system” he said.
Mr. Hammond made these pronouncements in a meeting with the Director General of the WTO, Dr. Ngozi Okonjo-Iweala when she paid a courtesy call as part of her Africa tour which begun from Ghana.
As part of measures to reform the organisation, the Minister is also advocating for positively reviewing the “special and preferential” treatment for developing countries and ensuring that existing flexibilities in the Agreement on Agriculture, especially those pertaining to Article 6.2, are fully preserved to help confront the challenges of food insecurity and, reinvigorating the WTO’s negotiating function.
On her part, Dr Okonjo-Iweala expressed confidence that the matter will be dealt with in earnest since it has been under consideration for some time. She disclosed that the lack of judges at the WTO is a major challenge to dispute settlements.
She used the opportunity to urge entrepreneurs to take advantage of the good environment for digital trading since Ghana has advanced among its peers on the continent.
Dr. Okonjo-Iweala appealed to the government and the Ministry of Fisheries and Aquaculture to ratify the new regulation on fishing trade for member countries.
She stated that Ghana is a key member of the organization, hence its ratification will go a long way to help the over 12 million population that depend on fishing for their livelihoods.
“Yes we are on course to enhance the trade facilitation and dispute settlement, but I must say the first layer of the settlement mechanism is working. The only challenge is that the second layer is not functional because of unavailability of judges to sit on that panel, however I can assure you that we shall get it resolved soon” she assured.
Mr. Hammond congratulated her for being the first African, and the first woman, to assume the position.
DISCLAIMER: The Views, Comments, Opinions, Contributions and Statements made by Readers and Contributors on this platform do not necessarily represent the views or policies of Homebase Television Ltd.
- President Commissions 36.5 Million Dollars Hospital In The Tain District
- You Will Not Go Free For Killing An Hard Working MP – Akufo-Addo To MP’s Killer
- I Will Lead You To Victory – Ato Forson Assures NDC Supporters
Visit Our Social Media for More
About Author
