The World Trade Organization has never been closer to getting a deal. But a failure would seriously jeopardize its credibility to act concretely.
Make or break… It’s a bit of a last-chance agreement that engages the credibility of the World Trade Organization (WTO). Open for more than twenty years, the negotiations on subsidies encouraging overfishing which were to be completed at the end of 2020 within the framework of the United Nations sustainable development objectives could be resolved this week in Geneva during the twelfth ministerial conference of the WTO. And could at the same time give a boost to multilateralism in such bad shape.
It has been four years, due to Covid, since the 164 members of the WTO have met in this format. The outcome is crucial for the Director General, the Nigerian Ngozi Okonjo-Iweala, who has put all her political weight, chaining trips, in particular to India, one of the countries more firm in the discussion, but also to the United States. United. “The agreement has never been closer to completion. If this opportunity is missed, the chances of reaching an agreement in the…
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