The future of the global trading system hangs in the balance amidst rising geopolitical tensions, protectionism, and the urgent need to address climate change. At the sixth Hongqiao International Economic Forum, a pivotal session titled "The Global Trading System at a Crossroads: More Integration or More Fragmentation?" brought together leading voices to dissect these challenges.
Moderated by CGTN host Tian Wei, the dialogue featured distinguished experts including Arancha Gonzalez, dean of the Paris School of International Affairs and former Spanish foreign minister; Roberto Azevêdo, former director-general of the WTO; Yi Xiaozhun, former deputy director-general of the WTO; Tim Yeend, associate secretary of Australia's Department of Foreign Affairs and Trade; and Wu Fulin, chairman of the Export-Import Bank of China.
The discussions centered on sustaining a robust, rules-based trading system capable of navigating modern complexities. Gonzalez emphasized the importance of multilateral cooperation, while Azevêdo highlighted the need for WTO reforms to address current inefficiencies. Yeend pointed out the significance of balancing national interests with global trade responsibilities, and Wu Fulin discussed the role of financial institutions in supporting international trade initiatives.
As businesses and policymakers grapple with these insights, the session underscored the imperative of fostering integration to counteract fragmentation trends. The experts collectively advocated for collaborative strategies that can bolster the resilience and adaptability of the global trading framework.
Tune in to CGTN on November 8 at 22:30 BJT for the full discussion and deeper analysis of these critical issues shaping the world economy.
Reference(s):
cgtn.com
