WTO Chief: Global Trade System Faces Irreversible Change, Urges Adaptation

• WTO Director-General Ngozi Okonjo-Iweala declared the multilateral trade system has irrevocably shifted, urging nations to adapt.
• Despite changes, 72% of global trade still operates under WTO rules, with AI-related trade showing promise.
• Concerns include Middle East conflict, US tariffs, paralysis of dispute settlement, and lack of subsidy transparency.
• Only 64 members filed subsidy notifications for 2025, leading to mistrust and hindering new rule agreements.
• Turkey lifted its objection to an investment proposal for developing countries, signaling cooperation amidst challenges.