World Trade Organization

The WTO projects a global economic recession

Ngozi Okonjo-Iweala, head of the WTO, said the war in Ukraine, the climate crisis, food and energy prices create conditions for a global recession.

The G20 applied trade facilitation measures for $ 215 billion

60% of the measures adopted were aimed at reducing or eliminating import duties and taxes and 90% of the restrictive measures had to do with the prohibition of exports.

WTO warns of vaccine lag in Latin America and Africa

The Director General of the WTO, Ngozi Okonjo-Iweala, affirms that 50,000 million dollars are needed to accelerate the process of vaccination against COVID in the world.

Releasing patents will be insufficient to achieve equality in vaccines

Making COVID-19 vaccines more equitably accessible will require other measures, such as technology transfers and improving the supply chain.

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