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WTO chief urges urgent reform to prevent irrelevance amid outdated systems and tech change.
WTO Director-General Ngozi Okonjo-Iweala warned that the global trade body must undergo urgent reform to avoid irrelevance, citing outdated structures, a stalled dispute system, and rapid technological change as key challenges.
Speaking in Geneva ahead of the upcoming ministerial meeting in Cameroon, she stressed that without adaptation, the system risks chaos, undermining business stability and predictability.
She emphasized the need for modernization to address evolving economic realities and maintain trust in multilateral trade.
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El jefe de la OMC insta a una reforma urgente para evitar la irrelevancia en medio de sistemas obsoletos y cambios tecnológicos.