WTO Chief Highlights Challenges in Global Trade Amid U.S. Tariffs

According to Odaily, World Trade Organization Director-General Ngozi Okonjo-Iweala stated on the 13th in Tokyo that U.S. tariff measures pose a challenge to global trade. During a meeting with Japanese Prime Minister Shigeru Ishiba, Okonjo-Iweala emphasized the severe situation in the trade sector but also noted the presence of numerous opportunities to address these challenges. Bloomberg News reported that Okonjo-Iweala and Ishiba agreed on the necessity of collaborative efforts to tackle issues such as the deficiencies in the WTO's dispute resolution mechanism and to restore the organization's cohesion. The discussions underscored the importance of strengthening the WTO's role in facilitating international trade and resolving disputes effectively.