S’pore among countries most at risk from rising geopolitical tensions: WTO

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GENEVA - Scepticism over the benefits of international trade and multilateral cooperation has been rising, with the economic shocks wrought by Covid-19 and the war in Ukraine fuelling perceptions that globalisation has exposed countries to excessive risks instead of making them stronger, a world trade report revealed on Tuesday. This has led to a change in the geopolitical landscape, with implications for global security, inequality and the accelerating climate crisis, findings of the 2023 edition of the World Trade Report showed. “Trade is increasingly seen as part of the problem rather than part of the solution to these challenges,” said...