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World


Multilateral trade challenged by unilateral trade measures

United Nations, July 20 (UNI) Despite the improved economic growth, risks to the economic outlook are rising, the United Nations economic and social affairs chief has said, warning against “increasingly unilateral trade measures” that are challenging the multilateral trading system.
“Efforts are needed to revitalise a global partnership for sustainable development to build a universal, rules-based, open, non-discriminatory and equitable multilateral trading system,” on Thursday said Liu Zhenmin, the Under-Secretary-General for Economic and Social Affairs, during a high-level policy dialogue with international financial and trade institutions, held at the UN Headquarters.
“Stronger economic growth in itself is not sufficient to ensure that these gains are widely shared,” he added.
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