Markets Wired

WASHINGTON – On April 25, Secretary Yellen met with World Trade Organization Director-General Ngozi Okonjo-Iweala, where they discussed the global pandemic response, WTO reform,  and prospects for the upcoming June WTO Ministerial.  They also discussed supply chain risks, and trade implications of climate policies.  They agreed on the importance of addressing food security issues raised by Russia’s invasion of Ukraine.  Secretary Yellen expressed appreciation for the work of the Multilateral Leaders Task Force on COVID-19, and Director-General Okonjo-Iweala agreed with Secretary Yellen on the continued importance of making progress on pandemic response.