Tag Archives: Ngozi Okonjo-Iweala

200+ Groups From 67 Nations Demand ‘Transformational Change’ at Corporate-Friendly WTO

“The WTO’s hyperglobalization rules shaped a global economy that is not working for most people, and it’s due time to replace them.”

By Jake Johnson, staff writer for Common Dreams. Published 4-28-2021

WTO Headquarters. Screenshot: Sky News

More than 200 environmental groups, labor unions, and civil society organizations from 67 nations sent a letter to global heads of state on Wednesday demanding “transformational change” at the World Trade Organization, a relatively new institution that critics say is structurally inadequate and much too corporate-friendly to confront the planet’s most pressing challenges.

“The Covid-19 pandemic has exposed how the WTO model exacerbates insecurity, inequality, and instability,” argues the coalition, which includes Public Services International, Third World Network-Africa, and Public Citizen. “Legitimate global commercial rules should facilitate the improvement of the livelihoods, health, and wellbeing of all people around the world and the long-term survival of the planet. The WTO system has not met these goals: It was never fit for purpose and certainly is not now.” Continue reading

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