WTO strikes global trade deals deep into overtime

WTO strikes global trade deals deep into overtime
# 17 June 2022 09:31 (UTC +04:00)

The World Trade Organization's164 members approved a series of trade agreements early on Friday that included commitments on fish and pledges on health and food security after more than five gruelling days of negotiations, APA reports citing Reuters.

The deals were ground out over five days of bargaining at a conference of more than 100 trade ministers that was seen as a test of the ability of nations to strike multilateral trade deals amid geopolitical tensions heightened by the Ukraine war.

Delegates cheered after they passed the package of six agreements just before dawn on Friday.

Director-General Ngozi Okonjo-Iweala told them: "The package of agreements you have reached will make a difference to the lives of people around the world. The outcomes demonstrate that the WTO is in fact capable of responding to emergencies of our time."

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THE OPERATION IS BEING PERFORMED