Global trade rules must be reworked to reflect the world’s shift from efficiency to resilience and security, Prime Minister Lawrence Wong said, urging countries to press on with reforming multilateral institutions even if consensus is difficult to achieve. Speaking to Singapore journalists on Monday (Nov 24) in the Ethiopian capital of Addis Ababa at the end of his Africa visit, Mr Wong said there is broad recognition among world leaders that the global economic architecture is outdated. He noted that the World Trade Organization (WTO), at the centre of the multilateral trading system, was built for an earlier era optimised around trade efficiency. "In today's world, countries are putting more emphasis around resilience and security. So you need a different balance," he said. "You need to address today's strategic realities while still facilitating interdependency between countries, trade and investments between countries."   https://www.channelnewsasia.com/singapore/pm-lawrence-wong-global-trade-wto-g20-africa-ethiopia-5489321 (ICE SINGAPORE)

Fonte notizia: CNA, 26 November 2025