The World Trade Organization nose said this on Tuesday during a meeting with Japanese Prime Minister Shigaru Ishiba.” Global free trade is in crisis.” As US President Donald Trump disrupts global commerce with his fast-changing taxes and other procedures, Ngozi Okonjo-Iweala, director-general of the World Trade Organization, told Ishiba that she has great expectations for Japan as a hero of open areas. She said,” Trade is going through very tough times best now, and it is quite challenging.” ” We may try to use this issue as an opportunity to take advantage of new trade changes and solve our problems.” According to the Japanese Foreign Ministry, Japan may contribute to the maintenance, expansion, and transformation of the WTO as a” champion of the international trading system.” The two countries met a moment after agreeing to reduce new sky-high taxes by 90 days to give time for negotiations. Japan is one of the many nations that has not reached a deal with the Trump administration regarding tariff increases, including those for cars, material, and metal. In the past, the WTO has played a significant role by supporting trade reform, which has helped to grow global supply chains, many of which are anchored in China. By removing numerous mercantilist trade barriers, it has aided the growth of China, Japan, and many other nations as trade producing centers. Trump has redoubled on a trade war he started during his first term, placing higher taxes on top of them to try to lower US goods and compel businesses to set up factories there. The two leaders came to the conclusion that the WTO member nations should work together to re-establish its capacity to address issues. According to Chinese authorities, Okonjo-Iwaela was visiting Japan to improve cooperation between Japan and the WTO in order to uphold and strengthen the international trading system. Additionally, she had scheduled meetings with Yoji Muto, Yoko Ono, and Foreign Minister Takeshi Iwaya, and Finance Minister Katsunobu Kato.
