A strengthened multilateral trading system could increase global GDP by roughly 3% or USD 3 trillion by 2050, while inaction to modernise the trading system could reduce global output by up to 10%, as per the 2026 edition of the World Trade Report published on Tuesday.
The flagship publication of the WTO Secretariat, examining what the multilateral trading system has delivered over 80 years and where it is facing challenges, offers evidence relevant to ongoing efforts to keep trade rules fit for purpose.
