The 10th Ministerial Conference of the World Trade

Organization has concluded in the Kenyan capital of Nairobi.After five

days of intense discussions, the 162 WTO member countries reached a breakthrough

agreement for the world trade system.The new Nairobi Declaration

includes the elimination of agricultural export subsidies, and further tariff

reductions for information and technology products.According to the

declaration, developed nations will eliminate their scheduled farm export

subsidies immediately, while developing countries will get rid of theirs from

2018.The conference has also approved the accession of Liberia and

Afghanistan into the WTO.So how significant is the deal on agricultural

exports? Is the WTO still relevant to global trade? In today's

program, we are joined by David Morfesi,

Principal at Morfesi Stewart Consulting, an international trade and development

consulting firm based in Adelaide, Australia. Once a US

delegate to the WTO, Mr. Morfesi shared with us his views on the latest WTO

conference； and Einar Tangen, Former

Chairman of the State of Wisconsin's International Trade Council, and Winston

Wong, Managing Director of Shipstone Group Limited.