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Markets

WTO Ministers Convene in Cameroon for Reforms

Published 26 March 2026

Trade ministers from more than 100 World Trade Organization member countries convened in Yaounde, Cameroon, on March 26 for the 14th Ministerial Conference, a four-day gathering aimed at advancing reforms to the global trade body amid deepening divisions over its future role. The conference, chaired by Cameroon's Trade Minister Luc Magloire Mbarga Atangana, addresses the WTO's stalled negotiations, paralyzed dispute settlement system, and challenges from rising protectionism and geopolitical tensions, including the impact of the U.S.-Israeli conflict with Iran on energy prices and supply chains.

The meeting occurs against a backdrop of global trade uncertainties, with officials highlighting risks to food security in Africa from disrupted fertilizer supplies and broader economic fragmentation if reforms falter. WTO Director-General Ngozi Okonjo-Iweala described the talks as a potential turning point, stating, "This conference must demonstrate that this time is different," after years of unfulfilled promises on unfinished negotiations. The organization, established in 1995 with 166 members accounting for 98 percent of world trade, relies on consensus-based decisions through its...

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