WTO says agreements on cutting subsidies, vaccine sharing near Geneva headquarters

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WTO says agreements on cutting subsidies, vaccine sharing near Geneva headquarters

On May 25, 2022, World Trade Organization Director-General Ngozi Okonjo-Iweala leaves a press conference at the World Economic Forum annual meeting in Davos. FABRICE COFFRINI AFP Some 120 trade ministers from around the world are due to attend the WTO's Geneva headquarters next week in a test that observers say will be a critical test of the 27-year-old body's ability to strike global trade deals.

The head of the World Trade Organization told Reuters on Wednesday that agreements on cutting fish subsidies and vaccine sharing were within shouting distance of a major trade meeting next week, and she hopes outstanding disagreements can be resolved.

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Director-General Ngozi Okonjo-Iweala told Reuters that if we get one or two deliverables, that will be good. We are within shouting distance of that. Some 120 trade ministers from around the world are due to arrive at the Geneva headquarters next week in a test of the 27-year-old body's ability to strike global trade deals, according to observers.