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The Latest Breaking News from Ngozi OkonjoIweala

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.

Al Jazeera

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.

Reuters

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.

France 24

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WTO warns of 'rocky road' with food shortages, vaccines on agenda in Geneva

The World Trade Organization is gathering in Geneva for its first ministerial meeting in nearly five years to tackle food security threatened by Russia's invasion of Ukraine, overfishing and equitable access to Covid vaccines.

Radio France Internationale

WTO Chief Sees Rocky Road for Trade Deals at Global Meeting

World Trade Organization chief Ngozi Okonjo-Iweala expressed cautious optimism on Sunday that more than 100 trade ministers meeting in Geneva would achieve one or two global deals this week, but warned the path there would be bumpy and rocky. The director-general from Nigeria said the world had changed since the…

Asharq Al-Awsat

WTO chief sees 'bumpy' road as ministers work to reach deals

The head of the World Trade Organization is predicting a “bumpy and rocky" road as the international trade body opens its highest-level meeting in 4-1/2 years

The Independent UK

The WTO faces a make or break week over vaccines

The ruling on whether or not to waive patent rules will this week show if the trade body is for the world or the west

The Guardian - UK

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WTO Looks to Reach Trade Deals

The World Trade Organization is facing one of its most dire moments, the culmination of years of slide toward oblivion and ineffectiveness.

Asharq Al-Awsat

WTO looks to reach trade deals with its fate on the line

Government ministers from World Trade Organization member countries are gathering for four days to tackle key issues like overfishing of the seas, COVID-19 vaccines for the developing world and food security

The Independent UK

Morning Brief: Top Financial Stories Dominating on Wednesday, June 8

CNBC

Benzinga

COVID-19 Vaccine Patent Waiver Expected Soon, Says WTO Head: Reuters

In a telephone interview with Reuters, WTO's Director-General Ngozi Okonjo-Iweala, an agreement on waiving intellectual property rights for COVID-19 vaccines is within reach. A key World Trade Organization (WTO) meeting is scheduled next week to discuss the COVID-19 vaccine patent waiver debate. "If we get one or two deliverables, that…

Benzinga

What could the WTO ministerial conference achieve?

Ministers from across the globe are convening for a conference at the World Trade Organization in Geneva for the first time in more than four years from June 12-15. It comes at a critical juncture for the body and for global trade.

Reuters

Affordable Covid drugs kept out of reach by sluggish WTO

Analysis: EU and US pharma giants’ intellectual property rights stop poorer countries accessing vital medication – despite WTO claims of progress

The Guardian - UK

Main negotiators reach 'outcome' on COVID vaccine IP waiver

The four main parties to negotiations on an intellectual property waiver for COVID-19 vaccines have prepared an "outcome document" for approval by the broader membership, the WTO said on Tuesday, with its chief hoping for a final deal by June.

Reuters

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The Guardian - US

Hopes rise for Covid vaccine patent waiver after key countries agree on proposal

The proposal, if passed by the full council, could allow other countries to make vaccines without paying pharmaceutical companies

Reuters

WTO chief, U.S. trade representative discuss pandemic response

United States Trade Representative Katherine Tai met World Trade Organization Director General Ngozi Okonjo-Iweala on Thursday and discussed about the ongoing talks among WTO Members to reach an outcome on a pandemic response, Tai's office said.

The Hindu

WTO looking to resolve challenges for Indian food exports: Nirmala Sitharaman

India has reached out to over 20 countries regarding exporting wheat, and is targeting a record 15 million tonnes of wheat for export this year.

The Guardian - UK

Poorer countries need urgent food help to stop disorder, say global bodies

WTO and World Bank among those saying richer countries must step in to alleviate effects of rising prices and shortages

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The Independent UK

Ukraine war fears saw surge in British shoppers ‘panic buying’ essentials from toilet roll to dried pasta

It comes as the forecast for global trade growth this year was revised down to 3 per cent from 4.7 per cent today

The Independent UK

WTO: War in Ukraine to curb trade, economic growth this year

The World Trade Organization is predicting that trade in goods will grow much less than previously expected this year, saying prospects for the global economy have darkened since the onset of Russia’s war in Ukraine

The Guardian - UK

War in Ukraine could lead to food riots in poor countries, warns WTO boss

Exclusive: Ngozi Okonjo-Iweala says impact of conflict on food prices and hunger could be substantial

The Guardian - UK

Cost of living crisis hitting economic outlook as firms hike prices – as it happened

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