$31 trillion debt is holding back developing countries, UN trade summit hears

Addressing the UN Trade and Development (UNCTAD)’s 195 Member States in Geneva, Rebeca Grynspan said that 72 per cent of global trade “still moves under WTO rules” – a reference to the World Trade Organization, whose agreements are negotiated and signed by trading nations. “We have for now avoided the domino effect of tariff escalation

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