Global supply chains at risk without new WTO rules for digital trade

News Snapshot:

Global trade recovery remains fragile. Geopolitical tensions, spillover from regional conflicts, rising populism and protectionist policies are putting unprecedented pressure on globalisation. The prospect of a complete breakdown in relations between the United States and China adds to this grim picture. Each day brings further threats of unilateral trade measures. While legitimate concerns, such as climate considerations, may underpin these measures, the net effect is chipping away at governments’ faith in the global rules-based trading system.