WTO Chief ' Very Encouraged' on China-US Trade Truce

WTO Chief ' Very Encouraged' on China-US Trade Truce

WTO Director Generral Ngozi Okonjo-Iweala says she's 'very encouraged' by the easing of US-China tensions and calls for further progress, observing that the contraction in global goods trade contraction is already lessening. She spoke to Bloomberg's Chief North Asia Correspondent Stephen Engle on the sidelines of the APEC meeting in Jeju, South Korea. (Source: Bloomberg)

U.S., China join APEC call to reinforce WTO’s role in global trade

Asia-Pacific Economic Cooperation member economies agreed on the need for the recovery of the World Trade Organization to navigate global economic uncertainty in a joint statement issued on Friday afternoon.