WTO Sees Lasting Impact on Trade From ME War
7 Articles
7 Articles
WTO sees lasting impact on trade from ME war
BANGKOK: Shifting geopolitics and the wars in Ukraine and the Middle East will have a lasting impact on world trade flows as companies hedge their bets against future shocks, Ngozi Okonjo-Iweala, director general of the World Trade Organization, told Reuters on Thursday. Trade had contracted sharply in the Middle East as a result of the Iran war, despite a series of workarounds, and would take some time to bounce back, Okonjo-Iweala said in an i…
World Trade Organization (WTO) Director Nuzhi Okongo-Ioyala expected today, Thursday, that wars and geopolitical tensions, particularly in the Middle East and Ukraine, would have long-lasting effects on the world trade movement.
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WTO Chief Warns Geopolitical Conflicts Could Permanently Reshape Global Trade
World Trade Organization Director-General Ngozi Okonjo-Iweala says wars, tariffs and supply chain disruptions are prompting businesses to diversify suppliers and shipping routes. Despite an improved forecast for global merchandise trade growth in 2026, she warned that strong demand for AI-related products could be masking broader weaknesses in international trade.
World trade is facing its most severe shocks in 80 years, but it continues to show resilience despite geopolitical conflicts and changes in international economic relations, World Trade Organization (WTO) Director-General Ngozi Okonjo-Iweala said at the CNN Global Perspectives: In Bangkok forum, held on October 14 in the Thai capital. In an interview with journalist Richard Quest, she stressed that despite unprecedented pressure on the internati…
Nigeria, Africa Face Trade Risks As Global Geopolitical Tensions Escalate
Nigeria and other African economies face mounting trade uncertainties as escalating geopolitical tensions, particularly conflicts in the Middle East and Ukraine, threaten to reshape global trade flows, disrupt supply chains and increase pressure on international commerce. Director-General of the World Trade Organization (WTO), Ngozi Okonjo-Iweala, warned that the effects of the conflicts could persist even […] Nigeria, Africa Face Trade Risks As…
The crisis in the Middle East could lead to long-term changes in the structure of world trade, companies and countries are looking for alternative trade routes and ... . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . .
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