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.
