Asia Global Institute Says Narrative Is Negative on Trade

The video discusses the current state of global trade, highlighting concerns about the weakening of large trade agreements like NAFTA due to political shifts, particularly in the US and Europe. Despite a negative narrative, trade is expected to grow faster than it has in a decade. The trend is moving towards bilateral agreements and smaller groups, which can simplify negotiations but may disrupt global trade if they become too diverse. The WTO's role may become crucial again to maintain historical trade benefits.

What potential impact do smaller trade groups have on global trade?

What role might the WTO play in the future of global trade?