The Director-General of the World Trade Organization (WTO) indicated today, Friday, that there are potential difficulties that may threaten the achievement of agreements during a high-level ministerial meeting later this month, amidst anticipated electoral waves and the recessions caused by the wars in Ukraine and Gaza. Trade ministers from around the world will participate in the WTO meeting in Abu Dhabi from February 26 to 29, aiming to finalize agreements related to reforms in their dispute settlement system and reducing subsidies for fishing.
WTO Director-General Ngozi Okonjo-Iweala told reporters in Geneva, "It will be a bit difficult because the conference is taking place in a challenging environment," describing the negotiating positions as divergent. "We are facing a lot of headwinds, both economic and political. You will realize that it won't be easy."
However, she made it clear that she believes some agreements are still possible, referring to the second part of the agreement on reducing fishing subsidies that deplete oceans, as well as a roadmap for agricultural negotiations. She added that one of the challenges is the occurrence of several elections this year, most notably the U.S. elections in November, where polls indicate former President Donald Trump is leading. She stated, "As you know, elections influence negotiating styles."
