DECRYPTION – The director general, Ngozi Okonjo-Iweala, hopes to revive the organization, paralyzed for years, by breakthroughs on the food crisis, anti-Covid vaccines or fishing.
Get out of the paralysis of the World Trade Organization (WTO) and give new impetus to multilateralism in a climate of acute tensions between blocs against a backdrop of war in Ukraine. The stakes are high for the ministerial conference which opened this Sunday in Geneva and runs until Wednesday. It has been more than four years, due to a pandemic, that the 164 members have not found themselves in this format.
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The “ministerial” was almost held in November, but, at the last moment, the director general, Ngozi Okonjo-Iweala, preferred to cancel it due to a resurgence of the virus. The meeting is high risk for the Nigerian: in office for a year, she wants to prove that the organization created in 1995 still has its raison d’être while its three pillars – trade negotiation, trade policy review and dispute settlement – are at a standstill. The reason is mainly due to the inertia of its operation, based on the consensus between members with interests by nature…
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