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Image caption, Dr Ngozi Okonjo-Iweala says she is concerned about the growth of separate trade blocksArticle information
- Author, Jonathan Josephs
- Role, Business reporter, BBC News
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8 July 2024
Global trade “is not having the best of times at the moment”.
That is the admission of the director general of the World Trade Organization (WTO), Dr Ngozi Okonjo-Iweala. “We are seeing increasing protectionism, some undermining of the WTO rules, and some of this is leading to fragmentation,” she tells the BBC.
“Global trade is really part of the lifeblood for making countries resilient – and also for underpinning growth, so we are concerned about that.”
In recent weeks and months these fragmentations have come to the fore with the EU imposing provisional tariffs of up to 37.4% on imports of Chinese electric vehicles (EVs). It followed after the US in May…
