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VI
72% Of World Trade Still Goes On Under WTO – Okonjo-Iweala
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NEWSINVESTIGATORS
News Investigators/ The Director-General of World Trade Organisation (WTO), Ngozi Okonjo-Iweala, says in spite of certain policy uncertainties, 72 per cent of world trade still goes on under the Organisation.
According to Mrs Okonjo-Iweala, in modern terms, world merchandise trade grew by 4.6 per cent as surging demand for AI-related goods offset weaknesses linked to tariff increases trade policy uncertainty.
“Most countries continue to trade on rules-based WTO terms.
Around 72 per cent of global goods trade continues to flow on core WTO-most-favoured-nationtariffs,” she said.
She said that global goods trade volumes in 2025 were over 12 per cent higher than in 2019, the year before the COVID-19 pandemic, while services trade volumes were 31 per cent higher.