dnoi

WTO’s Okonjo-Iweala: Global trade won’t return to “Normal”; urges resilience

Dr Ngozi Okonjo-Iweala, Director-General of the World Trade Organization (WTO), has warned that global trade will not revert to its pre-disruption era and called on nations and businesses to prioritise resilience and adaptation in the evolving global economic landscape. Her remarks were delivered during a panel discussion at the 2026 World Economic Forum in Davos.

Okonjo-Iweala emphasised that uncertainty has become a permanent feature of the global economy, shaped by geopolitical tensions, supply chain challenges, technological shifts and climate-related disruptions. “I don’t think we will go back to where we were,” she said, urging policymakers and private sector leaders to plan for a future that demands diversified production and strengthened economic buffers.

According to the WTO chief, building resilience requires proactive national strategies that enhance domestic capacities and expand regional trade integration, rather than merely attempting to restore old patterns of global commerce. Her comments highlighted the need for both governments and businesses to rethink traditional supply chains and invest in agility and adaptability.

ALSO READ: WOMAN OF THE WEEK: ELIZABETH ROGO, FOUNDER & CHIEF EXECUTIVE OFFICER, TSAVO OILFIELD SERVICES

Okonjo-Iweala’s perspective reflects broader concerns shared by global economic leaders at the forum, who stressed the importance of multilateral cooperation and innovative policy frameworks to support sustained growth amid persistent global headwinds. Recent discussions at Davos underscored that while the global economy remains resilient, structural shifts are reshaping trade dynamics and competitive landscapes.

Her call for resilience resonates with WTO efforts to modernise international trade rules and ensure that emerging challenges — from digital trade to climate shocks — are met with coordinated global responses. Okonjo-Iweala has consistently advocated for reforms that strengthen the multilateral system and make trade more inclusive, adaptable and future-ready.

As countries confront these realities, Okonjo-Iweala’s message serves as a strategic reminder that global commerce must evolve — not regress — and that building robust economic frameworks is essential for long-term stability and shared prosperity in an increasingly unpredictable world.

Scroll to Top