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SummarySummary Companies US climate bill concerns dominate Davos trade talkSome fear "rich-country game" of rising state subsidiesRevamped globalisation must benefit all, Davos toldDAVOS, Switzerland, Jan 19 (Reuters) - The United States pitched its vision of "worker-centric" trade. "I am very concerned," World Trade Organization (WTO) chief Ngozi Okonjo-Iweala told Reuters on the sidelines of the meeting in Davos, Switzerland. Three decades of free global trade have, the International Monetary Fund estimates, lifted more than a billion people out of extreme poverty. The United States notably built into its trade pact with Mexico a mechanism for identifying and dealing with the denial of worker rights. U.S. Trade Representative Tai told a panel on Wednesday the United States wanted to "lead a conversation" on a new version of globalisation.
GENEVA, Dec 20 (Reuters) - The head of the World Trade Organization chided countries for failing to make headway on negotiations covering fishing and agriculture because of infighting over who should lead them. Delegates told Reuters that a proposal was floated for Turkey and Norway's ambassadors to lead the agricultural and fisheries negotiations but these choices were rejected by India, delegates said. "Six months of not negotiating is not acceptable," WTO Director-General Ngozi Okonjo-Iweala told countries in a closed-door meeting of its General Council, according to remarks relayed by the body's spokesperson late on Monday. "While WTO members are not doing the job, fish stocks continue to decline at an alarming rate," said Remi Parmentier, director of the Varda Group, a think-tank focused on biodiversity. WTO spokesperson Dan Pruzin told journalists it was "never easy" to choose chairs of negotiations but said this case was proving "particularly difficult", without elaborating.
WTO chief rebukes countries over stalled negotiations
  + stars: | 2022-12-19 | by ( Emma Farge | ) www.reuters.com   time to read: +2 min
GENEVA, Dec 19 (Reuters) - The head of the World Trade Organization on Monday chided countries for failing to make headway on negotiations because of infighting over who should lead them. The WTO broke a multi-year deal-making drought in June by clinching a series of agreements at a major trade conference in Geneva in June, including a fisheries deal. "Six months of not negotiating is not acceptable," WTO Director-General Ngozi Okonjo-Iweala told countries in a closed-door meeting of its General Council on Monday, according to remarks relayed by the body's spokesperson. Delegates told Reuters that a proposal was floated for Turkey and Norway's ambassadors to lead the agricultural and fisheries negotiations but these choices were rejected by India and Pakistan. WTO spokesperson Dan Pruzin told journalists it was "never easy" to choose chairs of negotiations but said this case was proving "particularly difficult", without elaborating.
A royal aide who resigned after asking a Black British charity director where she was “really” from at a palace reception apologized in person Friday and promised to educate herself about racism. Royal officials said Lady Susan Hussey “offered her sincere apologies” to Ngozi Fulani during a meeting at Buckingham Palace “filled with warmth and understanding.”“Lady Susan has pledged to deepen her awareness of the sensitivities involved and is grateful for the opportunity to learn more about the issues in this area,” the palace said in a statement. It said Fulani, who founded the women’s refuge Sistah Space, “has accepted this apology and appreciates that no malice was intended.”The initial conversation happened last month at a reception hosted by Camilla, the queen consort, for women working to fight domestic violence. On social media, Fulani described her shock at being asked “what part of Africa” she was from.
LONDON — A British charity led by a Black woman who says she was repeatedly pressed for information about her nationality by Prince William’s godmother, has suspended some its operations over safety concerns, it said Saturday. Sistah Space, which provides support to domestic violence victims of African and Caribbean heritage in London, made the announcement in a post on Instagram stories. “Unfortunately recent events meant that we were forced to temporarily cease many of our operations to ensure the safety of our service users and our teams,” it said. It added that the charity was “overwhelmed by the amount of support and encouragement and looks forward to fully reinstating as soon as safely possible.”NBC News has approached Sistah Space for further comment. “My team, family and I have been put under immense pressure and received some horrific abuse via social media,” the statement said.
FILE PHOTO: People walk across a street during morning rush hour, following the outbreak of the coronavirus disease (COVID-19), in the Central Business District (CBD) in Chaoyang District, Beijing, China November 21, 2022. REUTERS/Tingshu Wang/File Photo(Change the number of meetings in last paragraph from one to multiple)BEIJING (Reuters) - China’s economic growth will keep picking up pace with the implementation of the newly-announced anti-COVID adjustment measures, state media CCTV quoted Premier Li Keqiang as saying on Thursday. China will also keep the yuan exchange rate basically stable, and this is also conducive to safeguarding global supply chain stability, CCTV said. Li made the remarks during meetings with World Bank President David Malpass, IMF Managing Director Kristalina Georgieva and WTO Director-General Ngozi Okonjo-Iweala, CCTV said. (This story has been refiled to change the number of meetings in last paragraph from one to multiple.)
"Harry & Meghan" is one of a series of programs the pair is producing under a commercial deal with Netflix. Angela Weiss | Afp | Getty ImagesPrince Harry and Meghan Markle hit out at what they called the "exploitation and bribery" of the British press in a new, hotly anticipated Netflix documentary released Thursday. In the opening episode, Harry describes the release of the documentary as an act of "duty and service." Harry & Meghan, the hotly-anticipated new Netflix documentary from the Duke and Duchess of Sussex, has been released. Charles famously married Diana at the behest of the royal family, despite having a long-running and well-documented relationship with his now wife, Camilla, queen consort.
Friendshoring makes sense if done in the right way
  + stars: | 2022-12-05 | by ( Hugo Dixon | ) www.reuters.com   time to read: +7 min
These examples explain the enthusiasm for “friendshoring”, an idea U.S. Treasury Secretary Janet Yellen is pushing. First, it could provoke an all-out trade war – causing the kinds of disruptions that friendshoring is intended to prevent. Things would be different if China was the West’s implacable enemy in the way that Putin’s Russia is. Using friendshoring in a defensive rather than aggressive way means focusing on strategic products. While it makes sense to cut its dependency on China, that doesn’t mean going all the way to zero.
LONDON, Dec 1 (Reuters) - British Prime Minister Rishi Sunak said on Thursday that the country had made progress in tackling racism but that it was "never done" and must still be confronted, following a controversy involving Prince William's godmother. when she attended an event hosted by King Charles's wife Camilla, the queen consort, on Tuesday. British media identified the royal aide as Lady Susan Hussey, the 83-year-old godmother of King Charles's son and heir Prince William. Speaking to Sky News, Sunak declined to comment on the incident directly but said he had experienced racism growing up in Britain. "The racism I experienced as a kid and a young person I don't think would happen today because our country's made incredible progress in tackling racism," he said.
says Meghan, Duchess of Sussex in a trailer released on Thursday for the Netflix documentary series about Britain's Prince Harry and his wife. "Harry & Meghan. Later he is shown saying: "I had to do everything I could to protect my family." At the end Harry is shown throwing his head back while Meghan wipes away tears. Although no official release date has been given for the six-part documentary, media have widely reported it will air on Dec. 8.
Buckingham Palace said Wednesday that a member of the household has resigned after making "unacceptable and deeply regrettable comments" to a Black guest. The unnamed Buckingham Palace insider allegedly approached Fulani at a reception Tuesday hosted by the Camilla, queen consort, and asked her: "Where do your people come from?" In a tweet, Fulani said she left her visit to Buckingham Palace with "mixed feelings" and described the encounter in detail. In a statement, Buckingham Palace said it took this incident "extremely seriously," adding that it had "investigated immediately to establish the full details." The allegations could put deeper scrutiny on Buckingham Palace, where an unnamed insider was accused last year by Meghan, the Duchess of Sussex, of racism against her unborn child.
LONDON, Nov 30 (Reuters) - A member of the British royal family's household has left her role after making "unacceptable and deeply regrettable" comments about race and nationality to a woman at a grand reception at Buckingham Palace, a spokesperson said on Wednesday. Ngozi Fulani, who was born in Britain and works for a domestic abuse support group, wrote on Twitter that the royal aide had repeatedly asked her: "What part of Africa are you from?" In this instance, unacceptable and deeply regrettable comments have been made," a Buckingham Palace spokesperson said in a statement. Last year, a senior royal source said Buckingham Palace had not done enough on diversity, although it has been endeavouring to boost the number of staff from ethnic minorities. "We have reached out to Ngozi Fulani on this matter, and are inviting her to discuss all elements of her experience in person if she wishes," the palace spokesperson said.
Nov 29 (Reuters) - The leaders of the International Monetary Fund and the World Trade Organization on Tuesday warned against the negative impact of deglobalization for the global economy, arguing instead for smart moves to diversify supply chains. "Don't pull the plug on trade that makes us all better." WTO Director-General Ngozi Okonjo-Iweala, speaking at the same news conference, echoed that view, noting a WTO estimate that breaking the global economy into two trading blocs would reduce global gross domestic product by 5% in the longer term. "Retreating from trade, being protectionist will make it harder - not easier - to solve the problems we have now," Okonjo-Iweala said. She said data pointed to even lower global growth next year than the 2.7% rate the IMF had projected in mid-October.
Nov 29 (Reuters) - The leaders of the International Monetary Fund and the World Trade Organization on Tuesday warned against the negative impact of deglobalization for the global economy, arguing instead for smart moves to diversify supply chains. IMF Managing Director Kristalina Georgieva told reporters after a meeting with German Chancellor Olaf Scholz that globalization was facing its biggest challenge since World War Two in the wake of the COVID-19 pandemic and Russia's war in Ukraine. "Don't pull the plug on trade that makes us all better." WTO Director-General Ngozi Okonjo-Iweala said the WTO estimated that breaking the global economy into two trading blocs would reduce global gross domestic product by 5% in the longer term. Reporting by Andreas Rinke and Andrea Shalal Editing by Chris ReeseOur Standards: The Thomson Reuters Trust Principles.
The world can harness trade to save the planet
  + stars: | 2022-11-21 | by ( Hugo Dixon | ) www.reuters.com   time to read: +7 min
But the right trade policies can also do a lot to save the planet. The first step is to have even-handed carbon tariffs. The World Trade Organization is worried that imposing carbon tariffs in an uncoordinated way could damage global trade and is working on a framework to avoid this. Global trade is struggling following the Covid-19 pandemic, Russia’s invasion of Ukraine and tension between China and America. By COP28, they and other countries should drive forward trade policies to save the planet.
The move angered foreign governments and foreign-owned carmakers who say the change will disqualify a majority of their EV fleets from North American markets. "But it should not have negative side effects on their European allies and the European economy." South Korean President Yoon Suk-yeol also spoke to Biden about the issue during a bilateral meeting at the G20 summit, according to Yoon’s office. The Treasury is working to define the rules for some $278 billion worth of tax credits on EVs, solar and wind power investments and a range of other technologies. While a number of countries have said the U.S. tax credits likely violate World Trade Organization rules, none have sought to file a formal challenge.
"It may not happen everywhere, but several key countries risk sliding into recession," WTO Director-General Ngozi Okonjo-Iweala told Reuters on the sidelines of the G20 leaders' meeting in Bali, Indonesia. "Of course, the impact of that can be quite significant for emerging markets and poor countries, which need external demand from the developed countries to recover." The Geneva-based trade body last month projected global trade to rise just 1.0% in 2023, down sharply from an estimated 3.5% rise for this year. Okonjo-Iweala said she has called on G20 leaders to phase out food export restrictions, which have been on the rise and hurt poor countries by pushing up food prices. In a meeting in September, trade ministers of the G7 advanced economies agreed to work towards having a functioning WTO dispute settlement system by 2024.
The central banks will also be mindful of the need to limit spillovers, the statement added, in a nod to emerging economies' concerns about the potential for huge capital outflows if aggressive U.S. rate hikes continue. The emphasis on the need to fight inflation contrasted with the G20 statement last year, which said central banks must avoid overreacting to transitory rises in inflation. The G20 leaders also called for "temporary and targeted" fiscal spending to low-income households which are particularly vulnerable to rising living costs. Now, policymakers are faced with the dilemma of having to combat inflation with interest rate hikes, without cooling economies that are already facing the risk of recession. "It may not happen everywhere, but several key countries risk sliding into recession," said WTO Director-General Ngozi Okonjo-Iweala.
COP27: WTO chief seeks to revive green trade talks
  + stars: | 2022-11-08 | by ( Simon Jessop | ) www.reuters.com   time to read: +2 min
SHARM EL-SHEIKH, Egypt, Nov 8 (Reuters) - The head of the World Trade Organization aims to revive negotiations on a global environmental trade deal, she told Reuters, as part of efforts to give the trade watchdog a bigger role in tackling climate change. But WTO discussions collapsed in 2016 after disagreements between China and Western countries about which products should be on the environmental list. "You need to have a friendly trade regime for renewables and other environmentally-friendly products," she said, noting tariffs for fossil fuel products are lower than for renewables in many countries. Exploratory discussions about a possible revival of a green trade deal have begun at the 164-member WTO body, although Okonjo-Iweala said some countries had expressed concerns, without naming them. She suggested beginning with a preliminary list of some 50 or 60 products that could be lengthened gradually.
Share Share Article via Facebook Share Article via Twitter Share Article via LinkedIn Share Article via EmailWTO chief: We should come out of COP27 with some specifics on the financing sideNgozi Okonjo-Iweala, director-general of the World Trade Organization, says "one doesn't want to be… too hopeful."
Share Share Article via Facebook Share Article via Twitter Share Article via LinkedIn Share Article via EmailWatch CNBC's full interview with WTO Director-General Ngozi Okonjo-IwealaNgozi Okonjo-Iweala, WTO director-general, speaks to CNBC’s Dan Murphy at COP27 about the world’s food and energy crises and the global economic outlook, saying: “I am quite worried."
WTO chief: I'm extremely worried about the issue of food prices
  + stars: | 2022-11-07 | by ( ) www.cnbc.com   time to read: 1 min
Share Share Article via Facebook Share Article via Twitter Share Article via LinkedIn Share Article via EmailWTO chief: I'm extremely worried about the issue of food pricesNgozi Okonjo-Iweala, director-general of the World Trade Organization, says "we've never seen a time like this, with the multiple crises that we have."
If a viewer wants to kick off his algorithms and settle into that elusive “something different” on Netflix, a welcome destination would be “ Elesin Oba : The King’s Horseman,” the last movie by the Nigerian novelist, playwright and filmmaker Biyi Bandele , who died in August. His “Half of a Yellow Sun” with Chiwetel Ejiofor and Thandiwe Newton was a successful adaptation of the Chimamanda Ngozi Adichie novel back in 2013, but “Horseman” is something else, a combination celebration of and elegy for cultural autonomy and something of a cheeky homage to African cinema. Based on the play “Death and the King’s Horseman” by Wole Soyinka (winner of the 1986 Nobel Prize in Literature), the story is based on actual events during World War II, when Nigeria was an occupied British colony. The eponymous horseman is a Yoruba chief who is about to commit ritual suicide; the people’s king has been dead a month and it is time for Elesin Oba (the lusty Odunlade Adekola ) to follow his ruler into the afterlife (lest the king be left to wander and bring ill on his people). The British, as directed by the colonial magistrate, Simon Pilkings ( Mark Elderkin ), think suicide is a profoundly bad idea and set out to save Elesin’s life, even if it means killing people in the process.
WTO chief expects downside revisions in global trade forecast
  + stars: | 2022-09-27 | by ( ) www.reuters.com   time to read: 1 min
GENEVA, Sept 27 (Reuters) - The head of the World Trade Organization told Reuters on Tuesday that she expects that global trade forecasts will be revised lower from the current 3% for 2022, citing the ongoing Russia-Ukraine war and related food and energy crises. "We are in the middle of revising our forecasts now but it's not looking very promising. All the indicators are pointing to downside numbers," Director-General Ngozi Okonjo-Iweala told Reuters in an interview. "Grosso modo the outlook is looking gloomy," she said, without giving exact estimates. The WTO already revised down its forecast for global trade growth this year to 3% from 4.7% in April.
Deja a trecut un an de când COVID-19 a creat și a trimis mai multe valuri de șoc în întreaga lume, perturbând percepția tuturor asupra ceea ce constituie „normalitate”. Cadre universitare, activiști și lideri din OMS (Organizația Mondiala a Sănătății) și OMC (Organizația Mondială a Comerțului) au acuzat țările bogate de „naționalismul vaccinului”. Un rezultat al colaborării dintre OMS, GAVI (Alianța Globala pentru vaccinuri și imunizări) și CEPI (Coaliția pentru inovații în domeniul pregătirii pentru epidemii), COVAX are ca scop „accelerarea dezvoltării și fabricării vaccinurilor COVID-19 și garantarea accesului corect și echitabil pentru fiecare țară din lume”. Este o catastrofă morală și o criză umanitară atunci când profitul câtorva producători devine o prioritate, în defavoarea vieților a miliarde de oameni. Câțiva ani în sectorul privat au fost suficienți pentru a o convinge să își schimbe direcția.
Persons: OMS, Dr, Tedros, Lawrence Gostin, Dr . Roselyn, Martin, pandemia, PAM, Dr . Tedros, Fundația Bill, Melinda Gates, Asia Russell, Jesse Bump, Catana, . Ea Organizations: OMS, Organizația Mondiala, Sănătății, OMC, Organizația Mondială a Comerțului, UE, Universitatea din, Organizația Internațională, Muncii, Universitatea Oxford, Fundația, Universitatea Harvard Locations: Vest, Canada, SUA, Georgetown, Britanii, Universitatea din Oxford, Africa, India, Africa de Sud, Oxford, Asia, Britanie, Amsterdam, Copenhaga
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