Global Economy News
LAST UPDATE: July 17, 2025
WTO overhaul targets fairer trade, easier decision-making to end paralysis
WTO members are advancing reforms to reduce need for full consensus, require evidence-based blocks, and enable smaller groups to proceed—aiming to unblock a stalemated trade system .
Insight
These reforms showcase a shared urgency to revive the WTO amid rising bilateral trade tensions and procedural gridlock.
South Africa’s Kganyago asserts Africa’s G20 agenda despite tariffs and Bessent absence
SARB Governor Lesetja Kganyago emphasized Africa’s G20 priorities—like climate, infrastructure, and a continental payments system—even as U.S. tariffs loom and U.S. Treasury’s Bessent was absent .
Insight
Africa is strengthening its global voice and infrastructure strategy despite global trade pressure and gaps in Western engagement.
