Trade delegates made strategic moves during the WTO’s six-day ministerial conference to deprioritise their national interests to benefit the common good. Picture: BLOOMBERG
WTO director-general Ngozi Okonjo-Iweala admitted being tired, but was relieved there was something to show for it after she was installed a little more than a year ago with a tough mandate of fixing an organisation almost universally written off as ineffective. Last week’s WTO negotiations were noteworthy because they proved the world’s governments can navigate huge political disagreements — such as the West’s opposition to Russia’s war with Ukraine — to reach outcomes that advance the cause of economic co-operation.
Deputy US trade representative Maria Pagan agreed, telling reporters “it is hugely powerful when the US and Chinese delegates are like-minded on an issue”. “In the digital age, the e-commerce moratorium provides certainty and lowers costs for global supply chains,” UK international trade secretary Anne-Marie Trevelyan said. The package that ministers delivered last week was in no way perfect. Some of the deals — like an accord to curb harmful fishery subsidies — were incomplete and lacked the level of ambition that the US and others were seeking.
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