NAIJA NEWS
The Director-General of the World Trade Organization (WTO), Ngozi Okonjo-Iweala, has said that countries need each other to sustain the world’s economic growth.
Naija News reports that Dr. Okonjo-Iweala stated this in an interview with CNN’s Fareed Zakaria.
The interview video posted by Zakaria on his X handle, on Monday, dwelt on President Donald Trump’s tariff threat.
Mrs. Iweala, reacting to Trump’s threat, said there have been challenges of protectionism and protectionist measures among member nations of WTO.
She, however, noted that amid the protectionism challenge world trade has improved more than the pre-pandemic era.
“What I’d like to say is let’s step back a bit. Over these past five years, at least since I’ve been Director General of the World Trade Organization, trade has been facing challenging times with increasing protectionism and protectionist measures, not just by the U.S., but several members. And that has been a cause for concern.
“But against that backdrop, I want to say something. When you look at the numbers, trade has been largely resilient. Trade, you know, at $30.4 trillion is higher than the pre-pandemic peak,” she said.
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