WTO seeks modest outcomes in Abu Dhabi at 'critical juncture' for global trade

Trade ministers from around the world gathered in Abu Dhabi on Monday for a World Trade Organization meeting to discuss new global commerce rules. However, even the organization's chief, Ngozi Okonjo-Iweala, tried to manage expectations. The World Trade Organization, which plays a crucial role in 75% of global commerce, faces challenges in reaching consensus due to the increasing fragmentation of the global economy.

Feb 26, 2024 - 11:00
WTO seeks modest outcomes in Abu Dhabi at 'critical juncture' for global trade
Trade ministers from around the world gathered in Abu Dhabi on Monday for a World Trade Organization meeting to discuss new global commerce rules. However, even the organization's chief, Ngozi Okonjo-Iweala, tried to manage expectations. The World Trade Organization, which plays a crucial role in 75% of global commerce, faces challenges in reaching consensus due to the increasing fragmentation of the global economy.