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    <pubDate>Wed, 29 Apr 2026 14:36:05 +0500</pubDate>
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      <title>WTO chief: World order has irrevocably changed</title>
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      <description>&lt;p&gt;&lt;strong&gt;The head of the World ​Trade Organisation said on Thursday that the multilateral system ‌has fundamentally changed and that countries must look to the future to consider how to reform the global trade system.&lt;/strong&gt;&lt;/p&gt;
&lt;p&gt;“The ​world order and multilateral system we used to ​know has irrevocably changed. We will not get ⁠it back…We must look to the future,” WTO ​Director-General Ngozi Okonjo-Iweala told delegates at the opening of the ​14th WTO ministerial conference in Yaounde, Cameroon.&lt;/p&gt;
&lt;p&gt;While 72% of global trade still takes place under WTO rules, with growth in AI-related ​trade providing a bright spot, Okonjo-Iweala said the ​world trading system faces significant uncertainty due to the Middle East ‌conflict ⁠and the impact of U.S. tariffs on countries around the world.&lt;/p&gt;
&lt;p&gt;Okonjo-Iweala set out a list of problems facing the WTO, including the paralysis of the WTO’s dispute settlement ​body and ​transparency in ⁠notifying the use of subsidies.&lt;/p&gt;
&lt;p&gt;Only 64 members had filed subsidy notifications at the WTO ​for 2025, meaning 102 had not, Okonjo-Iweala ​said.&lt;/p&gt;
&lt;p&gt;“Lack ⁠of transparency leads to lack of trust, and that breeds suspicions of unfairness and anti-competitive behaviours,” she told ⁠delegates. This ​contributed to a “vicious cycle” of ​mistrust, which is holding back members from agreeing to new rules and reforms, ​Okonjo-Iweala added.&lt;/p&gt;
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      <content:encoded xmlns="http://purl.org/rss/1.0/modules/content/"><![CDATA[<p><strong>The head of the World ​Trade Organisation said on Thursday that the multilateral system ‌has fundamentally changed and that countries must look to the future to consider how to reform the global trade system.</strong></p>
<p>“The ​world order and multilateral system we used to ​know has irrevocably changed. We will not get ⁠it back…We must look to the future,” WTO ​Director-General Ngozi Okonjo-Iweala told delegates at the opening of the ​14th WTO ministerial conference in Yaounde, Cameroon.</p>
<p>While 72% of global trade still takes place under WTO rules, with growth in AI-related ​trade providing a bright spot, Okonjo-Iweala said the ​world trading system faces significant uncertainty due to the Middle East ‌conflict ⁠and the impact of U.S. tariffs on countries around the world.</p>
<p>Okonjo-Iweala set out a list of problems facing the WTO, including the paralysis of the WTO’s dispute settlement ​body and ​transparency in ⁠notifying the use of subsidies.</p>
<p>Only 64 members had filed subsidy notifications at the WTO ​for 2025, meaning 102 had not, Okonjo-Iweala ​said.</p>
<p>“Lack ⁠of transparency leads to lack of trust, and that breeds suspicions of unfairness and anti-competitive behaviours,” she told ⁠delegates. This ​contributed to a “vicious cycle” of ​mistrust, which is holding back members from agreeing to new rules and reforms, ​Okonjo-Iweala added.</p>
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      <pubDate>Thu, 26 Mar 2026 17:50:54 +0500</pubDate>
      <author>none@none.com (Reuters)</author>
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        <media:title>Delegates sit inside the hall for the opening of the World Trade Organisation 14th ministerial conference, at the Palais des Congres, in Yaounde, Cameroon. – Reuters
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