January 24, 2022

New study explores role of trade in strengthening developing countries’ economic resilience

A new joint study by the World Bank and the WTO highlights the major role played by trade in reducing poverty but notes that further measures are needed to support developing countries’ use of trade as a tool for growth. The study was presented at an online event on 24 January, with the participation of three ministers from developing countries. “Trade can support a faster recovery from the COVID-19 pandemic, but only if we ensure that everyone can fully participate and benefit from trade,” said Director-General Ngozi Okonjo-Iweala in her opening remarks.

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