UN Secretary-General Antonio Guterres has expressed deep concern over the increasing number of trade barriers introduced globally since 2019, attributing them to escalating geopolitical rivalries. Speaking on Wednesday, Guterres emphasized that the world cannot afford to split into rival trade blocs, warning that such fragmentation could have dire consequences for the global economy.
“The introduction of new trade barriers driven by geopolitical tensions threatens to divide the global market and undermine the benefits of international cooperation,” Guterres stated. “We must resist the forces of fragmentation and work towards unity and collaboration.”
The UN chief’s remarks come amidst a backdrop of rising protectionism and trade disputes that have disrupted global supply chains and impacted economic growth, particularly in Asia. Many Asian economies, heavily reliant on trade, have felt the strain as tariffs and trade restrictions have increased.
Guterres called on nations to prioritize dialogue and mutual understanding to address underlying geopolitical issues. “Global challenges require global solutions,” he said. “By fostering trust and engaging in open dialogue, we can overcome divisions and build a more prosperous and stable world for all.”
His appeal highlights the critical need for cooperation among nations to tackle pressing issues such as economic inequality, climate change, and sustainable development. For Asian countries, maintaining open trade relationships is essential for continued growth and stability in the region.
As the world grapples with the impacts of trade tensions and geopolitical rivalries, Guterres’s warning serves as a reminder of the importance of unity and collaboration in ensuring a resilient global economy.
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UN's Guterres: World cannot afford to split into rival trade blocs
cgtn.com
