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WTO agrees on fisheries and vaccine deals

2022-06-17T06:03:54.880Z


Irrespective of current conflicts and the increasing distrust between states, the WTO is trying to keep the global exchange of goods going. Agreement has now been reached on a number of important points.


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Birthday congratulations for Ngozi Okonjo-Iweala: Debate for hours on a single word in a footnote

Photo: Fabrice Coffrini/POOL/EPA

After almost uninterrupted negotiations, the 164 member countries of the World Trade Organization (WTO) have signed agreements for the first time in years.

Early on Friday morning, among other things, they agreed on agreements to enable the production of corona vaccines in more countries and to ban subsidies for illegal and unregulated fishing and thus protect overfished stocks.

A planned agreement on agricultural trade, however, did not come about.

"You won't go home empty-handed," said WTO boss Ngozi Okonjo-Iweala at the end of the conference, which should have ended on Wednesday.

In the absence of an agreement, the 68-year-old had pushed for an extension because she did not want to accept her first ministerial meeting as a flop.

»The WTO has demonstrated that it is able to respond to the challenges of our time.«

At the final meeting of the government representatives at five in the morning, there was not only long applause when the conference chairman formally stated that all member countries support the agreements.

There was also a festive mood in the packed room: ministers, civil servants and diplomats spontaneously struck up a belated birthday song for Okonjo-Iweala and another minister.

According to her own statements, she was not in the mood to celebrate on her actual day of honor, on Monday, because she feared that the conference would fail.

Civil society representatives did not join in the applause.

"It is shameful that WTO members would prioritize trying to save a ailing institution and obscene corporate profits over saving lives," said Melinda St. Louis of Public Citizen.

The EU, in particular, has blocked the lifting of patent rights demanded by numerous countries.

The agreement reached is not enough.

Ministers also agreed to launch WTO reforms with a work programme.

The partially idle dispute settlement mechanism should be working again in two years.

They extended an agreement not to impose any tariffs on international digital trade for the time being.

They also agreed that purchases by the World Food Program (WFP), which provides food to the world's hungry, should not be hampered by export restrictions.

At the same time, however, they left the door open to do exactly this if it serves to adequately provide for their own population.

The sometimes vague formulations, which leave a lot of room for interpretation, were a sign of the often tricky negotiations.

In addition to the individual agreements, there was a general final declaration with vague promises like these: »We are committed to working towards necessary reforms in the WTO.

(...) In our view, the reforms should improve all functions.« To this day, she does not understand how one can debate a single word in a footnote for hours, said Okonjo-Iweala to the laughter of the ministers.

mik/dpa-AFX

Source: spiegel

All business articles on 2022-06-17

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