WTO's big conference postponed due to new Covid variant Business News


Source: timesnownews.com timesnownews.com

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Ngozi Okonjo-Iweala, Director-general --WTO | Photo Credit: AP Next week's World Trade Organization ministerial conference, the global trade body's biggest gathering in four years, was postponed at the last minute Friday due to the new Omicron Covid-19 variant. The WTO hoped the four-day gathering in Geneva would breathe new life into the crippled organisation, which has been stuck for years trying to make progress on resolving issues like fishery subsidies. New director-general Ngozi Okonjo-Iweala was also hoping, against the odds, to make progress towards a deal on lifting Covid vaccine patents, proving the WTO had a relevant role to play...