June 17, 2022 - 12:08 PM 225 views
“As a major meeting stretched into its second day of overtime, the World Trade Organization (WTO) Chief presented countries with a series of draught trade agreements early on Friday that included pledges on health and food security and urged that they be accepted," Reuters reported during early Friday's Asian session.
The package, which WTO Chief Ngozi Okonjo-Iweala called as "unprecedented," did not contain two of the most crucial treaties under consideration at the time: fisheries and a partial waiver of intellectual property rights for COVID-19 vaccines, according to the report.
Reuters mentioned that the delegates will probably add in the final meeting, which was scheduled at 0100 GMT on Friday.
The Market Implications
As a result of the news, the AUD/USD pair rose off an intraday low of 0.7035 points but remained under pressure, while the S&P 500 Futures gained around 3,685 points.
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