In an exclusive interview, WTO Director-General Ngozi Okonjo-Iweala warned against the dangers of unilateralism, drawing parallels to the disastrous policies of the 1930s that led to the Great Depression. She emphasized that adopting similar strategies today could have devastating impacts on the global economy.
Okonjo-Iweala stressed the importance of global cooperation, particularly for poorer nations that rely heavily on stable and collaborative international trade relationships. She highlighted the necessity of working together to address economic challenges and promote equitable growth worldwide.
The WTO Director-General also lauded the Chinese mainland for its strong support of the multilateral trading system. She commended China’s transparent engagement during trade policy reviews, noting that such cooperation is vital for the integrity and effectiveness of global trade frameworks.
Emphasizing dialogue and consultation, Okonjo-Iweala called for continuous efforts to resolve global trade disputes amicably. She believes that maintaining open lines of communication is key to preventing conflicts and ensuring a fair trading environment for all nations.
Reference(s):
cgtn.com
