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Rising uncertainty, more effective WTO needed

  • Lili Yan Ing
    Lili Yan Ing

    -

Jakarta | Tue, June 5, 2018 | 09:15 am
Rising uncertainty, more effective WTO needed Shipping containers are seen at a port in Qingdao, in China's eastern Shandong province on April 13, 2018. (AFP/-)

PREMIUM After almost 70 years of trade liberalization, trade has been challenged. Global trade contracted by 10.6 percent and 2.3 percent in 2015 and 2016, respectively, and many claim the contraction was due to shifting exchange rates and falling commodity prices. In terms of volume, global trade recorded growth of 2.8 percent in 2015 and 2016. The multilateral system has been questioned, and even bil...

Disclaimer: The opinions expressed in this article are those of the author and do not reflect the official stance of The Jakarta Post.

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