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WTO Chief Highlights Challenges in Global Trade Amid US Tariffs.
- According to Odaily, the Director-General of the World Trade Organization (WTO), 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 severe situation of the trade sector but also noted the existence of numerous opportunities to tackle these challenges.
+ Bloomberg News reported that Okonjo-Iweala and Ishiba agreed on the need for collaborative efforts to address issues such as deficiencies in the WTO's dispute resolution mechanism and restore the organization's cohesion. The discussions highlighted the importance of strengthening the WTO's role in facilitating international trade and effectively resolving disputes.