WTO Reaches , Global Trade Deal , Amid Geopolitical Tensions.<br />On June 17, the World Trade Organization (WTO) reached a number of agreements, including the first <br />change to global trading rules in years.<br />On June 17, the World Trade Organization (WTO) reached a number of agreements, including the first <br />change to global trading rules in years.<br />Reuters reports that the WTO conference of over 100 trade ministers was largely seen as a test of multilateral trade relations amid heightened geopolitical tensions.<br />Reuters reports that the WTO conference of over 100 trade ministers was largely seen as a test of multilateral trade relations amid heightened geopolitical tensions.<br />The package of agreements you have <br />reached will make a difference to <br />the lives of people around the world, Ngozi Okonjo-Iweala, World Trade Organization Director-General, via Reuters.<br />The outcomes demonstrate that <br />the WTO is in fact capable of <br />responding to emergencies of our time, Ngozi Okonjo-Iweala, World Trade Organization Director-General, via Reuters.<br />High-profile deals under consideration <br />included a partial waiver of intellectual <br />property rights for COVID vaccines.<br />Another deal aimed at curbing fishing subsidies <br />is just the second multilateral agreement on <br />global trade reached in the WTO's 27-year history.<br />The fishing agreement reportedly <br />has the potential to reverse <br />the collapse of global fish stocks. .<br />This is a turning point in <br />addressing one of the key <br />drivers of global over-fishing, Isabel Jarrett, Manager of The Pew Charitable <br />Trusts’ campaign to reduce harmful <br />fisheries subsidies, via Reuters.<br />Reuters points out that according to WTO rules, <br />all decisions must be made by consensus <br />with any single member able to veto.<br />It was not an easy process. <br />There were a lot of bumps,<br />just like I predicted. <br />It was like a roller coaster, <br />but in the end we got there, Ngozi Okonjo-Iweala, World Trade <br />Organization Director-General, via Reuters.<br />It was not an easy process. <br />There were a lot of bumps,<br />just like I predicted. <br />It was like a roller coaster, <br />but in the end we got there, Ngozi Okonjo-Iweala, World Trade <br />Organization Director-General, via Reuters.<br />European Trade Commissioner Valdis Dombrovskis <br />praised the WTO meeting for reaching deals with <br />global significance despite facing a number of challenges.<br />European Trade Commissioner Valdis Dombrovskis <br />praised the WTO meeting for reaching deals with <br />global significance despite facing a number of challenges
