Ngozi Okonjo-Iweala warns WTO deadlock risks global trade reform as talks stall on digital taxes and e-commerce. Nigeria-born economist, WTO DG since 2021.
The global economy remains resilient in 2026, with steady growth projected at 3.3%. Experts highlight private sector strength, AI investment, and strong institutions as key drivers, despite ongoing trade tensions, high debt levels, and inequality concerns. Policymakers warn against complacency.
The WTO's 14th ministerial in Yaounde has failed to reach agreements on key reforms, including digital trade and agricultural subsidies. Major players like the US, India, EU, and China remain divided, risking the organization's future amid global economic instability and rising protectionism.
WTO ministers in Cameroon are close to agreeing on a four-year extension of the e-commerce moratorium, delaying digital tariffs. The talks also aim to reform the organization, but disagreements, especially from the US and Brazil, threaten progress. The extension is crucial for global digital trade stability.