SHPP - WTO Conference Faces Challenges As Big Players Turn Inward
2024-02-24 01:04:00 ET
Summary
- Measures facilitating trade are still outweighing those that restrict it globally, but the gap is narrowing for large economies (G20) and recent signs of looming protectionism on the side of the US and Europe are not encouraging for trade.
- However, given the general benefits, and the energy transition, it’s important for them not to overshoot.
- Strengthening supply chains, geopolitics, protectionism, and climate change are all on the agenda at the WTO conference.
By Rico Luman , Senior Sector Economist | Inga Fechner , Senior Economist, Germany, Global Trade ...
WTO Conference Faces Challenges As Big Players Turn Inward