The economic and humanitarian repercussions of Russia’s invasion of Ukraine will be felt far beyond Europe and especially in vulnerable countries. The world must act swiftly to prevent the poorest and most vulnerable from becoming collateral damage.
Trade can help us face the future, but this will require policies that deliver for people. And a reformed and revitalised WTO has a key role to play.
Despite its recent struggles, the WTO still has an irreplaceable role in transforming countries’ economic prospects and people’s lives. Failure to revive an effective, rules-based international trade system will undermine efforts to tackle a global recession.