wto
Despite an eleventh-hour attempt, the more than 1000 WTO delegates gathered in Abu Dhabi last week failed to agree to a major reform of the global trade rules for food subsidies. “We did not progress on an agriculture package, to the detriment of most vulnerable countries, despite our pragmatic engagement. Divergences were too large to be solved,” said Commission Executive Vice-President Valdis Dombrovskis in a statement. The bloc’s Commissioner for Agriculture Janusz Wojciechowski went further, saying the reason WTO members could not finally agree fell to “to unrealistic demands, in particula...
Euronews (English)
War, uncertainty and instability are weighing down the global economy, the head of the World Trade Organisation (WTO) warned on Monday, urging the bloc to embrace reform as nearly half the world's population brace for elections this year. WTO Director-General Ngozi Okonjo-Iweala sought to offer some praise for her organisation as it held its biennial meeting in the United Arab Emirates, even as it faces pressure from the US and other nations. But she was blunt about the risks ahead, as higher prices for food, energy and other essentials sting people's pockets, "fuelling political frustration"....
Euronews (English)
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