The World Trade Organization has cautioned that new U.S. tariffs may lead to a roughly 1% decline in global merchandise trade volumes this year. WTO Director-General Ngozi Okonjo-Iweala warns of the risk of a tariff war and economic repercussions. However, the WTO chief pointed out that despite these new measures,...
Despite global trade uncertainties and rising tariff concerns, the DHL Trade Atlas 2025 paints an optimistic picture—global trade is set to grow, and India is at the forefront of this expansion. Ranked third in absolute trade growth behind China and the U.S., India is rapidly emerging as a key player...
Without a strong impetus from its Members, WTO may remain ineffective in its core mandate of managing international trade relations. The costs of this (economic or otherwise) may be too much to bear in the post-COVID world. • At a time when global economy and trade face unprecedented downturn, significant...
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