Okonjo-Iweala: Multilateral trading system still alive

The Director General of the World Trade Organisation, Ngozi Okonjo-Iweala has said that despite growing trade tensions across the world, the multilateral trading system is still alive. Okonjo-Iweala said during a press conference in Geneva that 75 per cent of world trade currently takes place on WTO rules, which goes to show why it is critical to take globalization seriously.