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WTO chief sees lasting impact on trade from Middle East war and geopolitics

Summary by Arab News
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 …

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WTO chief sees lasting impact on trade from Middle East war and geopolitics

·London, United Kingdom
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WTO predicts a 17% drop in exports this year, with imports falling by about 15%

·São Paulo, Brazil
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BizToc broke the news on Thursday, October 15, 2026.
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