For the first time, WTO members agreed at their 12th Ministerial Conference in June 2022 to undertake a comprehensive review of the WTO's functions in order to ensure the organization is capable of responding more effectively to both the challenges facing the multilateral trading system and the opportunities provided by contemporary developments in global trade.
Ministers adopted an MC12 Outcome Document, which addresses the way forward on WTO reform and the commitment to having a fully and well-functioning dispute settlement system in place by 2024.
