WTO calls for more global trade, not tariffs

A logo is pictured outside the World Trade Organisation (WTO) in Geneva, Switzerland, September 28, 2021. REUTERS/Denis Balibouse/File Photo

GENEVA: Global trade has helped to narrow the income gap between countries and created shared prosperity over the past three decades, says the World Trade Organisation (WTO).

The WTO also said that diversification and upgrading of exports in many developing countries, including Malaysia, has been driven by multinational enterprises (MNEs).