WTO's Azevedo Says Global Trade Is Improving

The video discusses the APEC summit in Hanoi and insights from the WTO Director General Roberto Azevedo. He highlights the risks of countries acting unilaterally in global trade, emphasizing the importance of respecting established systems. Trade growth is expected to improve in 2017 compared to 2016, but remains below historical averages. Azevedo advises the Trump administration to consider the complexities of trade policies carefully. The biggest threat to the multilateral trading system is countries taking unilateral actions, which could lead to a negative domino effect similar to the 1930s.

What was identified as the biggest risk to global trade during the APEC summit?

• Countries acting alone and ignoring the system

• Increased tariffs on imports

• Overproduction in manufacturing

• Lack of technological advancement

What is the expected trade growth for 2017 compared to 2016?

• Between 1.8% and 3.1%

• Exactly 2.5%

• Less than 1.3%

• More than 4%

What message is suggested for the new U.S. administration regarding trade?

• Trade is a simple process

• Trade requires careful consideration due to its complexity

• Trade should be avoided

• Trade is unaffected by political changes

What is considered the biggest threat to the multilateral trading system?

• Countries taking unilateral actions

• Increased global competition

• Environmental regulations

• Technological disruptions

What historical period is referenced as a cautionary example of unilateral actions?

• The 1930s

• The 2000s

• The 1960s

• The 1990s