> WTO calls for more to be done to 'include' poor countries in global trade / 36FX23X
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WTO calls for more to be done to 'include' poor countries in global trade / 36FX23X
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The World Trade Organization says that open trade alone was not enough to reduce inequalities between wealthy and developing nations and more was needed to help poorer countries. The WTO's 2024 report on global trade looked at the role that commerce has played to narrow the gap between economies since its creation in 1995. "Trade has proven to be a powerful driver of inclusiveness" explains Ralph Ossa, WTO chief economist during a press conference in Geneva. "Contrary to popular belief, income inequality within economies has not increased on average over the past 30 years", but "too many economies and people are still left behind" he adds. IMAGES AND SOUNDBITES