World Trade Organization (WTO) members on Monday agreed to accept Argentina's offer to host the organization's 11th ministerial conference (MC11) next year in Buenos Aires.

Argentina will be the first south American country to host the biennial event.

WTO Director-General Roberto Azevedo thanked both Argentina and Uruguay for offering to host the meeting, saying it demonstrated members' belief in the multilateral trading system. Uruguay withdrew its offer to host the meeting in advance of the general council meeting.

Azevedo added that the consensus decision on the venue for MC11 "will put us on an excellent path" to follow up on the WTO's earlier successful ministerial conferences in Bali in 2013 (MC9) and Nairobi (MC10). It will "also focus minds on identifying deliverables" for the meeting in Buenos Aires, he added.

Argentina's ambassador to the WTO, Hector Marcelo Cima, thanked members who voiced their support for Argentina's bid and said he was certain, with everyone's help, that WTO members would have a successful conference and fulfill the expectations that so many have placed on them.

The WTO ministerial conference, which is attended by trade ministers and other senior officials from the organization's 164 members, is the highest decision-making body of the WTO. Under the Marrakesh agreement establishing the WTO, the conference is to meet at least once every two years.

The next meeting is likely to take place in early December 2017. Enditem

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