Investing
Wars and elections complicate deal-making ahead of Abu Dhabi meeting – WTO chief
© Reuters. Director-General of the World Trade Organization Ngozi Okonjo-Iweala speaks during the 54th annual meeting of the World Economic Forum, in Davos, Switzerland, January 19, 2024. REUTERS/Denis Balibouse
(Corrects to remove word “Embargo” from headline)
GENEVA (Reuters) – The head of the World Trade Organization warned on Friday that it could be difficult to strike deals at a major ministerial meeting later this month amid a “tough environment”, citing elections, recessions and wars in Ukraine and Gaza.
Trade ministers gather for a meeting in Abu Dhabi from Feb. 26-29 where they will try to broker global trade agreements, including on reforming the 29-year-old body’s hobbled dispute system and cutting fishing subsidies.
“It’s going to be a bit tough because the conference is taking place at a difficult conjuncture. We are sailing against the wind,” WTO Director-General Ngozi Okonjo-Iweala told reporters in Geneva, describing negotiating positions as far apart. “We are facing a lot headwinds, economic and political headwinds. You will understand it’s not going to be easy.”
However, she said she felt she thought some outcomes were still possible which might include the second part of a deal on cutting subsidies for fishing that are emptying the world’s oceans and a road map for agriculture talks.
Read the full article here
How to Create and Sell Digital Products Online (Make Extra Money)
How a Grandfather Started a $500,000 Side Hustle on Amazon
5 Key Steps to Succeed as a First-Time Manager
Is Apple Releasing an ‘Ultra-Thin’ iPhone 17 Air? New Report
How to Evolve From Manager to Mentor and Create a Lasting Impact
Join the Highest-Growing Industry in 2025 With This $60 Cybersecurity E-Learning Bundle
AI Agents Are Becoming More Humanlike — and OpenAI Is Launching a New One in January. Are Entrepreneurs Ready to Embrace the Future?
Sending A Last-Minute Marketing Email? Follow This 7-Step Checklist to Avoid Making These Costly Mistakes
Maersk asks customers to remove cargo before potential strike at US ports By Reuters
Check it Out: An AI Multi-Tool for Any Budget
Debt ceiling debate and its effect on the U.S. dollar
Debt ceiling default: Still no deal between parties
Stovall: If the U.S. defaults on its debt, all S&P 500 sectors will likely fall
What China's weaker-than-expected economy could mean for U.S. markets
A ‘Big Short’ investor sees financial disaster brewing in housing markets — again
-
Passive Income7 days agoJoin the Highest-Growing Industry in 2025 With This $60 Cybersecurity E-Learning Bundle
-
Side Hustles5 days agoAI Agents Are Becoming More Humanlike — and OpenAI Is Launching a New One in January. Are Entrepreneurs Ready to Embrace the Future?
-
Passive Income5 days agoSending A Last-Minute Marketing Email? Follow This 7-Step Checklist to Avoid Making These Costly Mistakes
-
Investing4 days agoMaersk asks customers to remove cargo before potential strike at US ports By Reuters
-
Investing4 days agoCheck it Out: An AI Multi-Tool for Any Budget
-
Investing7 days agoMorgan Stanley boosts consumer finance outlook for 2025 By Investing.com
-
Investing6 days agoLifetime Digital Asset Management Made Simple for Businesses
-
Side Hustles7 days agoLooking to Sell Your Company? Here’s a Potentially Lucrative Exit Plan Every Business Needs to Consider.