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ICC Chair warns WTO collapse could cost developing nations 5–10% of GDP, stressing need for global trade stability.
At the 2026 Raisina Dialogue in New Delhi, ICC Chair Philippe Varin stressed that global businesses need stability and shared principles to sustain investment amid rising geopolitical tensions.
He warned that the collapse of the WTO could cost developing economies 5–10% of their GDP and that bilateral deals hinder global consensus.
India’s Commerce Minister Piyush Goyal affirmed India’s commitment to addressing trade challenges at the upcoming WTO ministerial meeting, praising the dialogue as a key forum for global economic and geopolitical discussion.
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El presidente de la CPI advierte que el colapso de la OMC podría costar a las naciones en desarrollo entre el 5 y el 10% del PIB, subrayando la necesidad de estabilidad comercial mundial.