WTO note finds global trade resilient following one year of war in Ukraine

March 2, 2023 AELEX Admin 0 Comments

A new WTO information note released on 23 February reports that global trade remained resilient and performed better than pessimistic predictions for 2022 as economies greatly affected by the war in Ukraine found alternative sources of supply. For the longer-term outlook, new WTO simulations show the importance of strengthening the multilateral trading system, with least-developed countries likely to be hardest hit if international cooperation were to break down.

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