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
-
Personal Finance6 days ago
Top personal finance New Year's resolutions for 2025
-
Passive Income4 days ago
Join the Highest-Growing Industry in 2025 With This $60 Cybersecurity E-Learning Bundle
-
Passive Income7 days ago
Why Emotional Intelligence Is the Key to High-Impact Leadership
-
Side Hustles7 days ago
3 Key Ways to Train Your Franchisees
-
Side Hustles7 days ago
12 Big Ideas From Business Books Published In 2024
-
Side Hustles6 days ago
In-Person Shopping Made a Comeback This Holiday Season: Report
-
Investing7 days ago
Work Better from Anywhere with This Portable Touchscreen Monitor
-
Passive Income6 days ago
8 Ways to Unlock the Hidden Potential of Your Employees