Okonjo-Iweala seeks diversification in global supply chains

WTO Director-General Dr Ngozi Okonjo-Iweala

World Trade Organization Director-General Ngozi Okonjo-Iweala urged diversification in global supply chains, amid ongoing efforts to progress the body’s reform.

“There is an overconcentration of manufacturing in certain sectors in certain countries,” she told CNBC’s Martin Soong on the sidelines of the latest weekend summit of G-7 (Group of Seven) major economic powers in Hiroshima, Japan.

“I agree that we need to build resilience, that the world cannot be reliant on a few countries for a few key products.”

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