Can Global Trade Thrive Amid Rising Protectionism?
Amid rising protectionism, leaders discuss whether global trade can thrive without true globalization. Insights from Chinese Commerce Minister and WTO Director-General.
My Global News: Voices of a New Era
🌍 Stay Ahead, Stay Global 🚀
Amid rising protectionism, leaders discuss whether global trade can thrive without true globalization. Insights from Chinese Commerce Minister and WTO Director-General.
WTO Director-General Ngozi Okonjo-Iweala emphasizes the dangers of unilateralism and praises China’s support for a multilateral trading system in a recent exclusive interview.
China’s strategic access to Western markets through WTO membership is reshaping globalization, with investments in connector countries like Singapore and Mexico driving a new global economic landscape.
China’s 2024 WTO compliance report accuses the U.S. of undermining the multilateral trading system through protectionist measures and disrupting global supply chains.
A global survey by CGTN reveals that over 90% of respondents criticize the U.S. for violating WTO rules through unilateral sanctions and discriminatory trade measures, highlighting widespread dissatisfaction with U.S. trade practices.
China’s Commerce Ministry strongly opposes U.S. tariff hikes on Chinese goods, citing negative impacts on global trade and urging immediate corrective action.
The WTO emphasizes the critical role of services trade in driving global economic growth, innovation, and sustainable development during the 2024 CIFTIS event.
At CIFTIS 2024, WTO Deputy Director-General Johanna Hill applauded the Chinese mainland’s impressive growth in digital services exports, highlighting their tripling between 2015 and 2023 and further sector openings.
China’s Ministry of Commerce criticizes the U.S. for violating WTO rules through tariffs and unilateral sanctions, urging a return to fair trade practices.
WTO Deputy Director-General Zhang Xiangchen advocates for an open forum and active involvement of developing countries to achieve balanced global trade outcomes.