#Title THE WTO SHIFT Multilateralism vs Regionalism MFN PRINCIPLE: “Most Favoured Nation” Ensures trade equality — favour one, favour all

RCEP

RCEP

BRICS

FRAGMENTED BLOCS:

Shift towards regional giants

USMCA

GLOBAL STABILITY:

Approximately 72% of global goods trade still operates under WTO rules

BILATERALISM:

Increased reliance on one-on-one deals, such as the Agreement on Reciprocal Trade (ART)

ASEAN

THE POVERTY SHIELD:

Rules-based systems helped lift 1.5b people out of extreme poverty since 1995

GEOPOLITICAL COMPETITION:

Major economic powers, particularly the US, China, Russia, Brazil and India, struggling to reach a consensus on global trade norms

Geneva (WTO)

RCEP

USMCA

UNILATERALISM:

Large economies bypassing WTO structures to impose tariffs on trading partners

DISRUPTIONS:

Current global trade is experiencing its worst disruptions in 80 years

ASEAN