WTO “Cursed” Conference - Targets Fish & Vaccine Deals
Former WTO chief Roberto Azevedo believes finding consensus is “impossible” ahead of an upcoming conference on Friday - the first in 4 years - as some members refuse to negotiate with Russia.
Developing countries want intellectual property right waivers for vaccines and other Covid treatments
A deal to end subsidies for fishing fleets to save plummeting stocks, high on agenda
US claims WTO hasn’t held Beijing accountable for unfair practices, and wants China to be stripped of ‘developing country’ status (which grants extra privileges)
In the World Trade Organization’s 27-year history, only one rule update has been achieved; it takes just one veto of the 164 members to block a decision.
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