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Rival trade blocs would lead to 'huge' global GDP loss: WTO chief

Okonjo-Iweala urges diverse supply chains to curb risks, help poor

WTO Director-General Ngozi Okonjo-Iweala speaks to Nikkei Asia in Tokyo on Oct. 19. (Photo by Shihoko Nakaoka)

TOKYO -- Geopolitical tensions and the COVID-19 pandemic have prompted some governments to veer toward protectionism, but building more diverse supply chains would better serve the cause of global resilience, the chief of the World Trade Organization said in an interview.

At the same time, WTO Director-General Ngozi Okonjo-Iweala warned against the fragmentation of trade into rival blocs, stressing everyone would pay a heavy price.

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