A new article by BWC Board Member José Viñals suggests that the global trading system is no longer it for purpose amid rising geopolitical tensions, protectionism, and fragmentation. He highlights the complexity of today’s realities for developing economies, including barriers to participation and unequal outcomes. Ultimately, he suggests a “reset” focused on making trade more inclusive, transparent, and adaptable, including strengthening the role of developing countries, improving dispute resolution, and better integrating digital and services trade. He emphasizes that meaningful reform is essential to restore trust and ensure the system supports broad-based global growth.

To continue reading at CNBC Africa, click here.

All views expressed by members are their own and not reflective of the views of the Bretton Woods Committee.