World
WTO Gains Importance as Companies Weigh Geopolitical Trade Risks
At a Swiss trade forum, WTO official DJ Nordquist said trade remains resilient as geopolitical and supply risks rise.
What happened
Speaking at the 17th Swiss Coffee Trade Association Forum in Montreux on 1 October, Deputy Director-General DJ Nordquist said the WTO’s core functions are becoming more important. He said geopolitics and economic security increasingly influence trade decisions, requiring companies to assess geopolitical exposure, supply security, regulatory risk and resilience.
Why it matters
Companies must factor geopolitical exposure, security of supply, regulatory risk and resilience more closely into trade decisions as these issues gain weight.
Source: WTO News