WTO Reaches Deals On Fisheries, Food, COVID Vaccines

fter all-night talks, members of the World Trade Organization early Friday reached a string of deals and commitments aimed to limit overfishing, broaden production of COVID-19 vaccines in the developing world, improve food security, and reform a 27-year-old trade body that has been back on its heels in recent years.

The WTO operates by consensus, meaning that all its 164 members must agree on its deals—or at least not get in the way. The talks at times took place in backrooms or in side chats because some delegates didn’t want to be in the same space as their counterparts from Russia—as a way to protest President Vladimir Putin’s invasion of Ukraine, which has had fallout far beyond the battlefield, such as on food and fuel prices.

The WTO chief said the deal takes a first step to curb government subsidies and overcapacity—too many operators—in the fishing industry. U.S. Trade Representative Katherine Tai hailed a “concrete and meaningful outcome to get more safe and effective vaccines to those who need it most.” But some advocacy groups were seething. Aid group Doctors Without Borders called it a “devastating global failure for people’s health worldwide” that the agreement stopped short of including other tools to fight COVID-19, including treatments and tests.

WTO structuring needs overhaul along with UN to attain UN charter objectives. World Trade ought to be totally free from any restrictions except those permitted by UNGA:reverse multilateralism. UN empowered to 'social security net' to all global citizens/nations that fall behind!

Too bad you can't fish for brains.

That's great. Didn't know how much we actually have to depend on unelected officials to live our life.

The WTO currently headed by a Black woman?

The West African region depends on international imports of rice for some 40% of its rice supply. They can grow all that they need.

Not easy but we won't give up

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