WTO projects Global Food Crisis to last until 2024
The World Trade Organization (WTO) has warned that the global food crisis could last until 2024, unless safe corridors are created to move Ukrainian food stocks currently blockaded by Russia.
The Director General of the World Trade Organisation (WTO), Dr. Ngozi Okonjo-Iweala, has warned that the global food crisis could last until 2024..
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The Director-General of the WTO, Dr. Ngozi Okonjo-Iweala, gave the warning while speaking at a press conference on policy outlook for trade and food at the on-going World Economic Forum (WEF) meeting in Davos, Switzerland.
She noted the danger the food crisis could pose:
“If we don’t get these safe corridors out, it is going to last another year or two, to be honest with you.”
“One issue is the creation of safe corridors and looking at alternative means to evacuate Ukrainian grain.
“Rail could take one or two million tonnes, but it’s very difficult so we really need the Black Sea.
“I know that some work is going on behind (the scenes) to see if we can get a solution. So, the secretary general is involved,” the WTO Director-General added.
Also, Okonjo-Iweala pointed out that trade was part of solutions to the simultaneous crises gripping the world, adding that the world faces security crises, the pandemic, climate crisis, food crisis, all at the same time.
Source: Agro Nigeria
