WTO warns of trade rules risking 10% GDP drop

The World Trade Organization warns that weak international trade rules and neglecting to update the trading system could lead to a decrease of up to 10% in the global Gross Domestic Product (GDP) by 2026, compared to what could have been achieved if the multilateral trading system had been strengthened. The WTO's annual report highlights the accomplishments of the trade system over the past eighty years and the current challenges that threaten its stability and sustainability.

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