WTO chief Ngozi Okonjo-Iweala expresses cautious optimism that more than 100 trade ministers meeting in Geneva would achieve one or two global deals this week, but warns the path there would be 'bumpy and rocky'
Head of World Trade Organization predicts a"bumpy and rocky" road as it opens its highest-level meeting in 4-1/2 years, with issues like pandemic preparedness, food insecurity and overfishing of the world’s seas on the agenda.
The director-general from Nigeria said on Sunday the world had changed since the WTO's last ministerial conference nearly five years ago. Earlier, trade ministers from the European Union and 29 other WTO members met with Ukraine to express their solidarity and support and wish to alleviate food supply problems.
The 27-year-old WTO is itself in trouble. Former US president Donald Trump crippled the WTO's Appellate Body that rules on disputes over two years ago, and WTO members have only ever agreed one global deal, the red-tape cutting Trade Facilitation Agreement, in 2013.
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