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Reuters
Reuters
Business
Emma Farge and Philip Blenkinsop

WTO strikes global trade deals after 'roller coaster' talks

World Trade Organization Director-General Ngozi Okonjo-Iweala delivers her speech during the closing session of a World Trade Organization Ministerial Conference at the WTO headquarters in Geneva, Switzerland June 17, 2022. Fabrice Coffrini/Pool via REUTERS

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.

The deals were forged in the early hours of the sixth day of 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.

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