The Director-General of the World Trade Organisation (WTO), Dr Ngozi Okonjo-Iweala, says in spite of certain policy uncertainties, 72 per cent of world trade still goes on under the organisation.
Okonjo-Iweala said this in Abuja at the ongoing 7th Africa Emerging Markets Forum.
The forum was jointly organised by the Central Bank of Nigeria (CBN), Emerging Markets Forum (EMF) and the Centre for the Study of Economies of Africa (CSEA).
According to Okonjo-Iweala, in modern terms, world merchandise trade grew by 4.6 per cent as surging demand for AI-related goods offset weaknesses linked to tariff increases and trade policy uncertainty.
“Services trade grew by 5.3 per cent again in modern terms, and within that, trading digitally delivered services grew even faster, at almost six per cent.
