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What is 12th Ministerial Conference

Shifts in Knowledge Sharing and Creativity for Business Tourism
The WTO's 12th Ministerial Conference represents a crucial gathering of member states aimed at addressing key issues and advancing the organization's objectives in the realm of international trade. As one of the WTO's highest decision-making bodies, MC12 provides a platform for member states to engage in substantive discussions, negotiate agreements, and chart the course for the future of global trade governance. Building upon the outcomes of previous ministerial conferences, MC12 serves as an opportunity to tackle pressing challenges facing the multilateral trading system, including issues related to trade facilitation, agricultural subsidies, intellectual property rights, and dispute resolution mechanisms. The conference also offers a forum for member states to explore avenues for enhancing inclusivity, transparency, and effectiveness within the WTO framework, with the ultimate goal of promoting economic growth, development, and prosperity for all nations.
Published in Chapter:
WTO and the Future of Global Business Tourism: Trends and Challenges
Giga Abuseridze (Caucasus University, Georgia), Olena Agapova (Hon. Prof. M.S. Bokarius Forensic Science Institute, Ukraine), and Mariana Petrova (St. Cyril and St. Methodius University of Veliko Tarnovo, Bulgaria)
Copyright: © 2024 |Pages: 17
DOI: 10.4018/979-8-3693-2619-0.ch015
Abstract
The following chapter focuses on the evolving landscape of global business tourism in light of emerging trends and challenges. With a particular emphasis on the role of the WTO, this study delves into the factors influencing the resilience and sustainability of the business tourism sector. Through an interdisciplinary approach involving economics, policy analysis, and tourism management, the research analyzes recent developments in business tourism. Special attention is given to the implications of the COVID-19 pandemic on business tourism, including relief efforts and policy interventions undertaken by governments and stakeholders. Critical challenges confronting the business tourism industry, such as supply chain disruptions, inflationary pressures, and environmental sustainability concerns, are identified. By synthesizing insights from economics, policy analysis, and tourism management, the research offers strategic recommendations to bolster the resilience and competitiveness of the business tourism sector amidst evolving global trends.
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