Trade
WTO in Survival Mode Pushes Back on Splintering Global Trade
- Trade tensions between US and China are affecting trade flows
- WTO chief urges greater cooperation and economic integration
Ngozi Okonjo-Iweala
Photographer: Ting Shen/BloombergThis article is for subscribers only.
Fragmentation of the global economy into separate blocs would be “extremely costly” and make the world a less stable place, the World Trade Organization said in a report published Tuesday.
The report, which notes that geopolitical tensions among major economies are beginning to affect trade flows, offers a counter argument to the ascendant view that the last quarter century of global economic integration was a mistake.