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The Latest Breaking News from Ngozi OkonjoIweala

DAVOS 2023: WTO sticks with 1% projection for growth in global trade

The head of the World Trade Organization (WTO) said on Friday it was sticking with its 1% projection for global trade growth in 2023 - for now.

Reuters

Trade head: How to tackle the world's 'poly-crisis'

Countries can protect their supply chains without turning to protectionism, WTO director-general says.

Newsroom.co.nz

World Trade Organisation head says Australia should focus more on green hydrogen, less on coal

The head of the World Trade Organisation says Australia should aim to reduce its reliance on coal exports and instead focus on green hydrogen.

ABC News

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COP27: WTO chief seeks to revive green trade talks

The head of the World Trade Organization aims to revive negotiations on a global environmental trade deal, she told Reuters, as part of efforts to give the trade watchdog a bigger role in tackling climate change.

Reuters

WTO slashes 2023 global trade forecast as recession looms

Geneva (AFP) - The World Trade Organization on Wednesday dramatically lowered its global trade forecast for 2023, as Russia's war in Ukraine and other shocks take their toll on the world economy.

AFP

WTO predicts trade growth to slow next year amid crises

The World Trade Organization is predicting global trade volumes to grow a lackluster 1% next year as higher energy prices, rising interest rates and uncertainties about Chinese manufacturing output amid the lingering COVID-19 pandemic weigh on markets

The Independent UK

WTO chief: World economy edging into recession

The head of the World Trade Organization (WTO) added her voice to a growing chorus of observers who see the global economy headed into a recession.

Bangkok Post

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WTO can reach deals on 'difficult' topics by early 2024 - WTO chief

The head of the World Trade Organization said on Tuesday the 164-member body can negotiate more ambitious deals, such as on agriculture, climate change and internal reform by its next major meeting, after concluding a series of trade deals in June.

Reuters

WTO head Ngozi Okonjo-Iweala: how trade can help beat inequality

In a recent study South Africa was identified as ranking first of 164 countries in the World Bank’s global poverty database. Underlying this inequality is its very high rates of unemployment. Professor Dori Posel spoke to World Trade Organisation (WTO) Director General Dr Ngozi Okonjo-Iweala about why trade is important…

The Conversation

First WTO deal on fishing subsidies hailed as historic despite ‘big holes’

Environment groups welcome long-awaited deal to curb harmful subsidies but say key measures to curb overfishing were dropped

The Guardian - UK

No monologues allowed and dancing to 'I Will Survive': how the WTO's 'Geneva Package' was won

Since Ngozi Okonjo-Iweala took over as head of the World Trade Organization last year, one of her main bugbears has been the negotiating style of member countries, which she says is ineffective, inflexible and needs to change.

Reuters

WTO strikes 'unprecedented' trade deals on vaccine equity, fishing, food

Radio France Internationale

WTO strikes landmark deals package after marathon talks

Geneva (AFP) - The World Trade Organization concluded a landmark bundle of deals Friday covering fishing subsidies, food insecurity and Covid-19 vaccines following hectic round-the-clock talks.

AFP

WTO Strikes Landmark Deals Package after Tense Talks

The World Trade Organization concluded hard-won deals Friday on fishing subsidies, food insecurity and Covid-19 vaccines in a landmark bundle of agreements secured through hectic round-the-clock talks. WTO director-general Ngozi Okonjo-Iweala said the trade ministers' conference had struck an "unprecedented package of deliverables" which would make a difference to people's…

Asharq Al-Awsat

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Al Jazeera

WTO passes ‘unprecedented’ trade package after fraught talks

Agreement comes after failure to reach consensus on ending harmful fishing subsidies and waiving IP for COVID vaccines.

AFP

WTO strikes landmark deals package after tense talks

Geneva (AFP) - The World Trade Organization concluded hard-won deals Friday on fishing subsidies, food insecurity and Covid-19 vaccines in a landmark bundle of agreements secured through hectic round-the-clock talks.

Reuters

WTO strikes global trade deals after 'roller coaster' talks

The World Trade Organization agreed on the first change to global trading rules in years on Friday as well as a deal to boost the supply of COVID-19 vaccines in a series of pledges that were heavy on compromise.

AFP

Deal or no deal as WTO talks grind into second sleepless night

Geneva (AFP) - Marathon talks at the World Trade Organization aimed at stitching together a tit-for-tat deal went round the clock into Friday with a long-sought agreement on fishing subsidies still hanging in the balance.

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AFP

Countries haggle through the night to salvage WTO deals

Geneva (AFP) - Ministers were frantically haggling through the night into Thursday at the World Trade Organization in a bid to salvage deals on food security, fishing and combating Covid-19.

AFP

WTO talks extended in bid to seal elusive deals

Geneva (AFP) - The World Trade Organization's ministerial conference will run over into a fifth day Thursday in the hope of striking thus-far elusive deals on fishing subsidies, food security and combating Covid-19.

AFP

India all but sinks WTO sustainable fishing deal

Geneva (AFP) - India all but sank the WTO's bid to net a long-sought deal on curbing harmful fishing subsidies, insisting Tuesday it would not sign up without a 25-year exemption.

AFP

WTO still angling for sustainable fishing deal

Geneva (AFP) - The WTO was still pushing for a long-sought deal on curbing harmful fishing subsidies on Tuesday but some fear it could slip through the net.

AFP

WTO floats fund to help net sustainable fishing deal

Geneva (AFP) - The WTO tried to net a long-sought deal on curbing harmful fishing subsidies by promising Tuesday an implementation fund it hopes will reel in wavering developing countries.

France 24

World Trade Organization seeks shot in the arm with Covid jab IP idea

The WTO's search for a role in fighting the pandemic sharpened up on Monday as ministers seek a compromise to lift intellectual property rights on Covid-19 vaccines.

AFP

WTO seeks shot in the arm with Covid jab IP idea

Geneva (AFP) - The WTO's search for a role in fighting the pandemic sharpened up on Monday as ministers seek a compromise to lift intellectual property rights on Covid-19 vaccines.

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