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SITEMAP
Copyright © 2024 CGTN. 京ICP备20000184号
Disinformation report hotline: 010-85061466
Import tariffs tend to disproportionately hit low-income households, the World Trade Organization said in a report on Monday, countering what it sees as backlash against open markets and rising protectionism.
WTO Director-General Ngozi Okonjo-Iweala said the 2024 World Trade Report reaffirmed trade's role in reducing poverty and sharing prosperity "contrary to the currently fashionable notion" that trade was creating a more unequal world.
Emerging global trends such as geopolitical tensions, digital revolution and climate change are reshaping the landscape of trade-led development, according to the report.
(With input from Reuters and Xinhua)