In December 2015, the World Trade Organization reached an agreement on the Nairobi Package, the latest set of rules governing global trade. The agreement represents some progress on several major agricultural and food issues that have held up previous negotiations, including export subsidies, food aid, public stockholding for food security purposes, special safeguard measures for Least Developed Countries (LDCs), and the global cotton trade. The question remains, however, how this agreement will impact food and agricultural trade, rural development and food security, as well as how it will inform future multilateral and regional trade negotiations.