Global Trade chief: The overdependence on the US and China for trade must be corrected | DW News
WTO chief Ngozi Okonjo-Iweala has called for a correction in the world's overreliance on the US and China for trade. Speaking to DW in Johannesburg, South Africa, at the G20 Summit, she emphasized that the global trading system was designed for interdependence, not overdependence. "The world trading system was built for interdependence, not overdependence and we see now overdependence on maybe the US for markets and on China for critical supplies" she said. Okonjo-Iweala also highlighted the potential benefits of Al in global trade, studies predict a nearly 40% boost by 2040.However, she warned that without equitable adoption, other regions risk being left behind China and the US. Her comments underscore the need for a more balanced and inclusive global trade landscape.For more news go to: http://www.dw.com/en/
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