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UNCTAD calls for WTO reform
Manila Bulletin
|March 19, 2026
The United Nations Conference on Trade and Development (UNCTAD) is calling for a comprehensive revival of the global trade dispute settlement system, warning that recent geopolitical upheavals and discriminatory policies are disproportionately harming developing economies such as the Philippines.
In a March 17 report, the Geneva-based trade body said global trade rules pioneered by the also Geneva-based World Trade Organization (WTO) have become less predictable in recent years due to the rise of discriminatory trade measures. These rules originally sought to create a stable trading system.
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