World Trade Organization reform failure could cost 10% of global GDP, report warns
AI Summary
A report warns that failure to reform the World Trade Organization could result in a 10% loss of global GDP, highlighting severe disruptions in the global trading system not seen in 80 years. The warning underscores urgent political and economic challenges in multilateral trade governance.
The document says that the current trading system is facing its worst disruption in 80 years.
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