WTO urges to stop trade frictions damaging world economy
World Trade Organization has called for restraint and urgent dialogue within the WTO system to stop trade frictions damaging the world economy.
In a statement, WTO Director-General Roberto Azevedo said actions taken outside these collective processes greatly increase the risk of escalation in a confrontation that will have no winners, and which could quickly lead to a less stable trading system.
He said disrupting trade flows will jeopardize the global economy at a time when economic recovery, though fragile, has been increasingly evident around the world. APP/ AFP