WTO postpones major meeting after new variant outbreak

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GENEVA: The World Trade Organization (WTO) became the first major diplomatic casualty of the new coronavirus variant on Friday (Nov 26) when it postponed its first ministerial meeting in four years due to the deteriorating health situation. Ministers from WTO members were due to have gathered next week for

GENEVA: The World Trade Organization became the first major diplomatic casualty of the new coronavirus variant on Friday when it postponed its first ministerial meeting in four years due to the deteriorating health situation.

The WTO said that its members had agreed late on Friday to postpone the ministerial conference after the new variant outbreak led to travel restrictions that would have prevented many ministers from reaching Geneva.The World Health Organisation has classified the B11529 variant detected in South Africa as a"variant of concern", saying it may spread more quickly than other forms of the virus. Scientists are also seeking to find out if it is vaccine-resistant.

The Geneva-based trade body had planned a meeting in person, but the new restrictions meant delegations of large players such as South Africa and the Brussels-based European Commission would have been limited to a largely virtual presence.

WTO Director-General Ngozi Okonjo-Iweala said the postponement did not mean negotiations should stop.

 

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