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WTO Summit Ends Early Amid Global Trade Uncertainty

World Trade Organization Director-General Ngozi Okonjo-Iweala talks to Emirati Minister of State for Foreign Trade Thani bin Ahmed al-Zeyoudi on stage at a WTO summit in Abu Dhabi, United Arab Emirate

Negotiators at a World Trade Organization meeting in Dubai concluded their summit early Saturday without reaching agreements on key initiatives, highlighting ongoing challenges within the global body. The 166-nation bloc faced difficulties in reaching consensus on issues such as fishing, agriculture, and digital media taxes, leading to a delayed closing ceremony in Abu Dhabi.

The only significant agreement reached was to extend a pause on taxes for digital media, such as movies and video games, until the next biennial meeting. WTO Director-General acknowledged the uncertainty surrounding the international landscape during the summit, emphasizing the unique nature of the organization where each member has an equal voice.

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