The WTO Chief Highlights Challenges in Global Trade Amid US Tariffs

The Director-General of the World Trade Organization, Ngozi Okonjo-Iweala, stated on the 13th in Tokyo that US tariff measures pose a challenge to global trade. During a meeting with Japanese Prime Minister Shigeru Ishiba, Okonjo-Iweala emphasized the serious situation in the trade sector but also highlighted the presence of numerous opportunities to address these challenges.

Bloomberg News reported that Okonjo-Iweala and Ishiba agreed on the need for collaborative efforts to tackle issues such as deficiencies in the WTO's dispute resolution mechanism and restore the organization's cohesion. The discussions underscored the importance of strengthening the role of the WTO in facilitating international trade and effectively resolving disputes.