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Trade:
SCO nations rally behind multilateral trading system amid US retreat (PRIV)
(D. Ravi Kanth, Geneva)
At the conclusion of a two-day summit in Tianjin, China, on 1 September, the leaders of the Shanghai Cooperation Organization (SCO) pledged to strengthen the multilateral trading system, particularly the World Trade Organization (WTO), amid "current world economic uncertainty and the spread of restrictive trade measures."
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Trade:
Xi unveils vision for equitable global governance, rejects unilateralism (PRIV)
(D. Ravi Kanth, Geneva)
At the conclusion of the Shanghai Cooperation Organization (SCO) summit in Tianjin, China, on 1 September, Chinese President Xi Jinping called for advocating "an equal and orderly multipolar world and a universally beneficial and inclusive economic globalization," and urged that the global governance system become "more just and equitable".
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UN:
Trade policy uncertainty reshaping global trade landscape (PRIV)
(Kanaga Raja, Penang)
Global trade is being reshaped not just by tariffs or geopolitical tensions but also by policy unpredictability, and the resulting climate of uncertainty is driving up costs, rattling markets and hitting developing economies hardest, according to UN Trade and Development (UNCTAD).
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