عربي English Türkçe اردو فارسى
Logo
Latest News
Business

Egypt Calls for Increasing Response to Food Security Challenges in Developing Countries

Egypt's Minister of International Cooperation, Rania al-Mashat, at the Investing in Net Zero: Leading the Way conference (Ministry of International Cooperation)
Egypt's Minister of International Cooperation, Rania al-Mashat, at the Investing in Net Zero: Leading the Way conference (Ministry of International Cooperation)
TT
20
TT

Egypt Calls for Increasing Response to Food Security Challenges in Developing Countries

Egypt's Minister of International Cooperation, Rania al-Mashat, at the Investing in Net Zero: Leading the Way conference (Ministry of International Cooperation)
Egypt's Minister of International Cooperation, Rania al-Mashat, at the Investing in Net Zero: Leading the Way conference (Ministry of International Cooperation)

Egypt has called for boosting the response to the food security challenges in developing countries.

The Foreign Ministry said Egypt submitted a draft resolution to the World Trade Organization (WTO) on enhancing the organization's response to food security challenges in developing, net food-importing countries, and least developed countries.

The draft resolution will be discussed at WTO's 12th Ministerial Conference (M12), held in Geneva between June 12 and 15.

Egypt's Permanent Representative to the UN, Ahmed Ihab Gamaleddin, said Egypt submitted the resolution on behalf of the Arab and African groups and the least developed countries after intensive consultations with member states.

The draft resolution is part of the Egyptian government's efforts to deal with the global economic crisis and its impact on food security in developing countries, in general, and Egypt.

The resolution aims at securing practical solutions for farmers and food producers and boosting grain production in these countries during the crisis, following the relevant rules of the WTO.

It also calls for spreading awareness about the severe harm caused to developing countries' economies by the record rise in food and energy prices.

Gamaleddin said the current global food crisis is part of a more significant crisis the world economy has been facing since the COVID-19 pandemic caused a decline in economic growth, high inflation rates, disruption of global supply chains, and huge debts.

The diplomat said it requires enhancing international solidarity through the relevant international organizations, chief among which is the WTO.

He added that solidarity should grant the net food-importing developing countries and LDCs the flexibility to deal with exceptional circumstances that impact their food security.

Meanwhile, the Minister of International Cooperation, Rania al-Mashat, said that strengthening climate action, combating the negative repercussions of climate change, and reducing harmful emissions, will only come through constructive partnerships between relevant parties.

Mashat was speaking at a forum organized by the European Investment Bank (EIB) and the European University Institute (EUI) on Investing in Net Zero: Leading the Way to discuss investments needed to attain net zero emissions and the European Union's global leadership in mobilizing the necessary climate finance.

Mashat explained that, through its presidency of COP27, Egypt seeks to build on what has been achieved in Glasgow, reiterate the importance of achieving the principles of the Paris Climate Agreement and other climate agreements, and push global efforts aimed at reaching the transition to a green economy.

Most Viewed

 
Business

United States Eases Port Fees on China-Built Ships after Industry Backlash

Ships are seen under construction at the Jinling Shipyard in Nanjing, in China's eastern Jiangsu province on April 14, 2025. (AFP)
Ships are seen under construction at the Jinling Shipyard in Nanjing, in China's eastern Jiangsu province on April 14, 2025. (AFP)
TT
20
TT

United States Eases Port Fees on China-Built Ships after Industry Backlash

Ships are seen under construction at the Jinling Shipyard in Nanjing, in China's eastern Jiangsu province on April 14, 2025. (AFP)
Ships are seen under construction at the Jinling Shipyard in Nanjing, in China's eastern Jiangsu province on April 14, 2025. (AFP)

The Trump administration shielded on Thursday domestic exporters and vessel owners servicing the Great Lakes, the Caribbean and US territories from port fees to be levied on China-built vessels, aiming to revive US shipbuilding.

The Federal Register notice posted by the US Trade Representative was watered down from a February proposal for fees on China-built ships of up to $1.5 million per port call that sent a chill through the global shipping industry.

Ocean shipping transports about 80% of global trade - from food and furniture to cement and coal. Industry executives feared virtually every cargo carrier could face steep, stacking fees that would make US export prices unattractive and foist annual import costs of $30 billion on American consumers.

"Ships and shipping are vital to American economic security and the free flow of commerce," US Trade Representative Jamieson Greer said in a statement. "The Trump administration's actions will begin to reverse Chinese dominance, address threats to the US supply chain, and send a demand signal for US-built ships."

Still, the fees on Chinese-built ships add another irritant to swiftly rising trade tensions between the world's two largest economies as President Donald Trump seeks to draw China into talks on his new tariffs of 145% on many of its goods.

The revisions tackle major concerns voiced in a tsunami of opposition from the global maritime industry, including domestic port and vessel operators as well as US shippers of everything from coal and corn to bananas and cement.

They grant some requested carve-outs, while phasing in fees that reflect the fact US shipbuilders, which turn out about five vessels annually, will need years to compete with China's output of more than 1,700 a year.

The USTR exempted ships that ferry goods between domestic ports as well as from those ports to Caribbean islands and US territories. Both American and Canadian vessels that call at Great Lakes ports have also won a reprieve.

As a result, companies such as US-based carriers Matson and Seaboard Marine would dodge the fees. Also exempt are empty ships arriving at US ports to load up with exports such as wheat and soybeans.

Foreign roll-on/roll-off auto carriers, known as ro-ros, are eligible for refunds of fees if they order or take delivery of a US-built vessel of equivalent capacity in the next three years.

The USTR set a long timeline for liquefied natural gas (LNG) carriers. They are required to move 1% of US LNG exports on US-built, operated and flagged vessels within four years. That percentage would rise to 4% by 2035 and to 15% by 2047.

The agency, which will implement the levies in 180 days, also declined to impose fees based on the percentage of Chinese-built ships in a fleet or on prospective orders of Chinese ships, as originally proposed.

The fees will be applied once each voyage on affected ships a maximum of six times a year.

Executives of global container ship operators, such as MSC and Maersk, which visit multiple ports during each sailing to the United States, had warned the fees would quickly pile up.

Instead of a flat individual fee on large vessels, the USTR instead opted to levy fees based on net tonnage or each container unloaded, as was called for by operators of small ships and transporters of heavy commodities such as iron ore.

From October 14, Chinese-built and owned ships will be charged $50 a net ton, a rate that will increase by $30 a year over the next three years.

That will apply if the fee is higher than an alternative calculation method that charges $120 for each container discharged, rising to $250 after three years.

Chinese-built ships owned by non-Chinese firms will be charged $18 a net ton, with annual fee increases of $5 over the same period.

It was not immediately clear how high the maximum fees would run for large container vessels, but the new rules give non-Chinese shipping companies a clear edge over operators such as China's COSCO.

The notice comes on the one-year anniversary of the launch of the USTR's investigation into China's maritime activities.

In January, the agency concluded that China uses unfair policies and practices to dominate global shipping.

The actions by both the Biden and Trump administrations reflect rare bipartisan consensus on the need to revive US shipbuilding and strengthen naval readiness.

Leaders of the United Steelworkers and the International Association of Machinists and Aerospace Workers, two of five unions that called for the investigation that led to Thursday's announcement, applauded the plan and said they were ready to work with the USTR and Congress to reinvigorate domestic shipbuilding and create high-quality jobs.

The American Apparel & Footwear Association reiterated its opposition, saying port fees and proposed tariffs equipment will reduce trade and lead to higher prices for shoppers.

At a May 19 hearing, the USTR will discuss proposed tariffs on ship-to-shore cranes, chassis that carry containers and chassis parts. China dominates the manufacture of port cranes, which the USTR plans to hit with a tariff of 100%.

The Federal Register did not say if the funds raised by the fees and proposed crane and container tariffs would be dedicated to fund a revival of US shipbuilding.