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Countries presented with trade deal package at WTO talks
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Countries presented with trade deal package at WTO talks

World Trade Organization agreed to an “unprecedented” package of trade deals. Deal included fisheries subsidies, food safety, WTO reforms and emergency response.

Where: Geneva, Switzerland

The Facts

On Friday, the 164-member World Trade Organization (WTO) agreed to an “unprecedented” package of trade deals after failed negotiations had extended its first high-level meeting in years.
The deals were hashed out over five days of bargaining at the conference of over 100 trade ministers and are seen as a test of the ability of nations to strike multilateral trade deals amid high geopolitical tensions.
The package contains agreements on fisheries subsidies, food safety, WTO reforms, and emergency response, including a partial waiver for COVID-19 vaccines.
The 12th WTO Ministerial Conference in Geneva, Switzerland, was the first high-level meeting of the organization since a 2017 gathering that ended without agreements on several issues.
The WTO Director-General, Ngozi Okonjo-Iweala, stated, “The package of agreements you have reached will make a difference to the lives of people around the world,” as part of her closing remarks.

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