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Global free trade in a 'crisis' – WTO chief
Manila Bulletin
|May 14, 2025
Global free trade is in crisis, the head of the World Trade Organization chief said Tuesday while meeting Japanese Prime Minister Shigaru Ishiba on Tuesday.
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Ngozi Okonjo-Iweala, director-general of the World Trade Organization, told Ishiba that she has high expectations for Japan as a champion of open markets as U.S. President Donald Trump disrupts world commerce with his fast-changing tariffs and other policies.
"Trade is facing very challenging times right now and it is quite difficult," she said. "We should try to use this crisis as an opportunity to solve the challenges we have and take advantage of new trends in trade."
Dit verhaal komt uit de May 14, 2025-editie van Manila Bulletin.
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