How should the WTO be reshaped? An insider’s view

Stopping temporary export restrictions becoming permanent should be a major task for the World Trade Organization’s (WTO) new Director General, said Liam Fox, former Minister of Defense and the UK’s candidate for this international position. The successor to former Director, Brazilian Roberto Azevêdo, will be announced by November 7. A short-term priority, Fox stated, should be to ensure that global markets in medical goods and food operate effectively. “The last thing that anyone wants to see is a public health crisis turning into a humanitarian crisis because we are likely to see smaller harvests and higher prices”. A fast and strong intervention should facilitate the movement of medicines and food worldwide. On routine tasks, the most urgent is to solve, […]

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Global Tourism Industry on Track for Full Recovery by 2024

The global tourism industry is set to reach, and possibly surpass, pre-pandemic levels by the end of 2024, according to the World Economic Forum (WEF). Five years post-COVID-19, the sector is experiencing a robust resurgence driven by a surge in international travel, improved air connectivity, and strong rebounds in key regions. However, global dynamics must be managed carefully to ensure stable and continuous growth. In 2023, international tourism reached 88% of its 2019 levels, a significant recovery favored by the reopening of Asian markets, as highlighted by the United Nations World Tourism Organization (UNWTO). The Middle East led the way, surpassing pre-pandemic levels by around 20%, with Europe, the Americas, and Africa following close behind at approximately 90% of their […]