WTO director general Roberto Azevedo has estimated that merchandise trade volume growth would fall to 2.6pc this year.
Japanese Prime Minister Shinzo Abe said he would use the country’s presidency this year of the Group of 20 large industrialized and emerging countries to push for an overhaul of the World Trade Organization.
Because the United States is the world’s biggest economy, most countries have to accommodate America’s trade demands in some way.
Only Washington and Beijing, working together, can slow climate change and the spread of nuclear weapons.
Growth in global commerce has slowed sharply since the US-China trade dispute escalated in mid-2018.
The International Chamber of Commerce (ICC) and the Japan External Trade Organization (JETRO) co-hosted an international symposium on 9 April. Held under the theme: The World Trading System at a Crossroad and WTO Reform for a Sustainable World Economy, the symposium took place in Tokyo and focused on how the global trade system could be […]