MOSCOW (Sputnik) — A World Trade Organization (WTO) declaration, which was approved at the ministerial conference in Kenya's Nairobi on Saturday, appears to be a balanced and realistic agreement, conference chairwoman Amina Mohamed said.
"I think it's a very balanced deal, a very realistic deal," Mohamed said at a press conference.
The declaration is due to eliminate developed countries' agriculture export subsidies. The agreement also recognizes developing countries' right to special safeguard mechanism aimed at protecting their farmers.
The declaration also enshrines different approaches to the Doha Development Agenda aimed at addressing the needs of less developed countries in their economic development. The agenda has long been debated between developed and developing nations over such issues as agriculture, services and tariffs.
