Faced with the “polycrisis,” a WTO official warns of a hilly road leading to an agreement

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Faced with the “polycrisis,” a WTO official warns of a hilly road leading to an agreement

“Let me be clear, even landing one or two will not be an easy road. The road will be bumpy and rocky. There may be a landmine along the way,” Okonjo-Iweala said, adding she was “cautiously optimistic” that the meeting would conclude with one or two deals. She also cautioned ministers they should not expect to achieve everything on their countries’ wish lists and recognize that compromises are never perfect.

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  • It has certainly become more complex,” she told a news conference before the meeting, listing the lingering COVID-19 pandemic, the war in Ukraine and major food and energy crises as pieces of a “polycrisis”. She urged trade ministers to go the extra mile over the coming days to achieve agreements such as reducing fishing subsidies, boosting access to COVID-19 vaccines, addressing food security, and set a course for reform of the WTO itself.