Ngozi Okonjo-Iweala said in an interview at the beginning of his second mandate at the head of the trade surveillance body based in Geneva:
We are experiencing the greatest alteration of world trade standards, unprecedented in the last 80 years
“So it is not surprising that some question the world trade system (…) and its predictability,” he added, while indicating signs of resistance.
Since the introduction of the tariffs of the government of the US President, Donald Trump, the proportion of world trade carried out under the most favored Nation terms of the WTO has been reduced around 80%, as shown in the agency’s data.
This principle requires WTO members to treat everyone else in the same way.
