Global trade overdependent on US and China, WTO head says

“The world trading system was built for interdependence, not overdependence, and we see now overdependence on maybe the US for markets and on China for critical supplies,” Ngozi Okonjo-Iweala, director-general of the World Trade Organization, told DW at the G20 summit in Johannesburg, South Africa.

Okonjo-Iweala also highlighted the potential benefits of artificial intelligence in global trade, citing studies predicting a nearly 40% boost by 2040. However, she warned that without equitable adoption, other regions risk being left behind China and the US.