World GDP also expected to grow by 2.7 pct this year, 2.6 pct in 2026

Increased efficiency, automated custom processes as WTO cautions of growing wealth inequality

RIO DE JANEIRO, July 6 — Malaysia fully supports a comprehensive reform of the World Trade Organisation (WTO), said Prime Minister Datuk Seri Anwar Ibrahim.

GENEVA/DAVOS, Jan 23 — World Trade Organisation (WTO) director-general Ngozi Okonjo-Iweala said today that any tit-for-tat trade wars prompted by United States President Donald Trump’s tariff threats would have catastrophic consequences for global growth, urging states to refrain from retaliation.

KUALA LUMPUR, Dec 7 — Malaysia will prioritise efforts to boost trade and investment between Asean and other economies in the world during its chairmanship next year, said Prime Minister Datuk Seri Anwar Ibrahim.

GENEVA/WASHINGTON, Feb 16 — Three months after the Trump administration rejected her, former Nigerian finance minister Ngozi Okonjo-Iweala received unanimous backing on Monday to become the first woman and first African director-general of the World Trade Organisation.