WTO warns of global trade risks

Under the title "World Trade Organization: Division of the Global Economy Threatens Trade and Growth," the organization warns that increasing fragmentation in the global trade system due to failed reforms and disagreements among its members could lead to a global economic output decline of up to 6.9% by 2050, with a significant drop in exports of up to 27%. The report indicates that ongoing political tensions and the expansion of regional blocs may weaken the multilateral trade system, which currently contributes to global economic growth and reduces discrimination against non-member countries. The organization called for reform of global trade rules, warning that the collapse of international cooperation could have very costly consequences, as trends toward regional agreements continue to grow, potentially undermining the WTO framework.

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