World Trade Report 2024 highlights trade's role in supporting inclusiveness
September 9, 2024--The 2024 edition of the WTO’s World Trade Report presents strong evidence that trade has played a crucial role in narrowing the income gap between economies since the WTO was established 30 years ago. The flagship publication also analyses trends in the distribution of the gains of trade among people within economies, and emphasizes the need for a comprehensive strategy that integrates open trade with supportive domestic policies. |
"Perhaps the biggest takeaway from the report is its reaffirmation of trade's transformative role in reducing poverty and creating shared prosperity- contrary to the currently fashionable notion that trade, and institutions like the WTO, have not been good for poverty or for poor countries, and are creating a more unequal world," WTO Director-General Ngozi Okonjo-Iweala says in her foreword to the report.
"But the second biggest takeaway is that there is much more we can do to make trade and the WTO work better for economies and people left behind during the past 30 years of globalization," DG Okonjo-Iweala says. |
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