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.
But the conference was postponed four days before it was due to start, hours after Omicron was declared a variant of concern by the World Health Organization. The beleaguered WTO's 12th ministerial conference has already been postponed once before due to the pandemic. It was originally due to take place in Kazakhstan's capital Nur-Sultan in June 2020.IP waiver must wait It was expected to draw more than 100 ministers to Geneva, where the organization is based, including heads of state, plus 4,000 or so delegates.
She has helped kick-start blocked trade negotiations, and made reaching a long-elusive deal to end harmful fishery subsidies a top priority for the conference. But COVID caught up with the conference before Okonjo-Iweala could even start banging heads together on the subject.EU Trade Commissioner Valdis Dombrovskis said the WTO had made a "difficult but wise decision" to postpone.
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