WTO: Boosting Cooperation May Increase Global Output by 2.9%

According to estimates by the World Trade Organization, strengthening multilateral cooperation could increase global GDP by 2.9% and lead to a 17.9% rise in worldwide exports. In contrast, scenarios of geopolitical fragmentation or reliance on free trade agreements without collaboration among blocs could result in a decrease in output ranging from 5.1% to 6.9%, with exports dropping by as much as 26.9%. The report also showed that countries' accession to the WTO has boosted trade volume by 140%, with the share of low- and middle-income economies rising from 23% in 1995 to 45% in 2024. Additionally, digital trade and services now account for approximately 55% of global service exports. The report emphasized that the current challenge is to adapt trade rules to economic and geopolitical changes while maintaining effective cooperation and reducing the risks of fragmentation.

articleDetails.fontSize.sizeحجم النص

تنويه: هذا ملخص تم إنشاؤه بواسطة الذكاء الاصطناعي

عرض المقال بالكامل