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The world's trading system is facing new challenges and multilateralism bears the brunt of numerous attacks with some countries talking of decoupling from China and advocating de-globalization to reduce interdependence and integration. In this edition of The Hub, Wang Guan sat down with Ngozi Okonjo-Iweala, director general of the World Trade Organization. She says that de-globalization would be tantamount to "throwing the baby out with the bath water." She pleads for "re-globalization" to include those who were left behind. Okonjo-Iweala commends China for being a poster child of multilateralism and a driver of global growth. She also underscores the need for an open, fair, predictable, and stable multilateral trading system to address global issues and tells Wang Guan that the WTO must introduce reforms to deal with some of its vulnerabilities, especially those that came to light during the pandemic.
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