WTO Chief, Okonjo-Iweala, Warns of Deepening Global Trade Disruptions as Share of MFN-Based Trade Falls to 72%

The World Trade Organization (WTO) is facing what its Director-General, Ngozi Okonjo-Iweala, describes as the biggest disruption to international trade rules since World War II, as the share of global trade conducted under the organization’s Most Favored Nation (MFN) principle drops to 72% from about 80%. Reuters reports, citing WTO data, that since U.S. President

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