For the first time, the head of the global trade authority, the WTO, is from an emerging economy. Brazil's Roberto Azevedo prevailed even against opposition from the US and EU.
Amid mounting tensions between the US and China over tariffs, the WTO has warned that trade wars can happen "at any time." WTO chief Roberto Azevedo praised globalization, calling its detractors "misguided."
The World Trade Organization has forecast strong global trade growth this year but has warned that any further escalation in trade tensions between the United States and China could compromise those gains.
The hype around BRICS, the association of emerging economies, has noticeably died down. But new chair South Africa is keen to continue the cooperation: It benefits both politically and economically from membership.
Argentina has blocked entry to anti-globalization activists ahead of its hosting of a key World Trade Organization meeting. The WTO agenda includes ways to stem over-fishing and safeguards for online trading.
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