The Director-General of the World Trade Organisation (WTO), Ngozi Okonjo Iweala, has said that global trade must be placed on a firmer foundation. Speaking at a panel discussion at Bled Strategic Forum in Slovenia, she said that the current disruptions of the global trade system contain an opportunity for countries to put global trade on a firmer footing for the years and decades ahead. Okonjo-Iweala noted that while the global trading system has a stable core, it currently exists in an unstable equilibrium. She said that the multilateral trading system benefits people around the world by creating better jobs, and urged the European Union (EU) to come forward and be a leader in global trade reform.
This year marks the 20th edition of the Bled Strategic Forum held under the theme “A Runaway World.” Established in 2006, the forum is organised by Slovenia’s Ministry of Foreign and European Affairs together with the Centre for European Perspective.
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