WTO Chief: Trade ‘Bent, Not Broken’; China Drops Perks, DP World Sees Growth | CNN2.0

🌐 WTO DG Ngozi Okonjo‑Iweala says 72% of global goods trade still runs on WTO terms; the system is “bent” but resilient despite U.S. tariff shocks and unilateral actions. 🔄 Members are “rewiring” trade via diversification; South‑South trade has risen from ~10% in the 1990s to ~25% of total, as countries reduce over‑dependence on U.S. markets and China for critical inputs. ⚖️ Dispute settlement panels are active with 15 cases; while the appellate body remains paralyzed, members are using mediation and arbitration to resolve appeals. 🇨🇳 China will forgo developing‑country preferences at the WTO, a move praised as a step toward fairer competition while broader reforms remain on the agenda. 🚢 DP World reports H1 revenue up ~20% and $2.5B in new investments, calling tariff‑driven disruption an opportunity and highlighting growth corridors across the Middle East, India, Africa, and alternative routes via the Black Sea/Constanța and Karachi‑to‑Warsaw. #Hashtags
#WTO #GlobalTrade #Tariffs #Diversification #SouthSouthTrade #China #DisputeSettlement #DPWorld #SupplyChains #CNN2Point0