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International Business Times
International Business Times
National

UNBELIEVABLE: Global trade system risks coming off the rails un chief | History Defined

Antonio Guterres United Nations Rebeca Grynspan Unctad Developing Countries International Trade
UN Secretary-General Antonio Guterres said global debt was soaring (Credit: AFP)

The rules-based international trade system is in danger, UN chief Antonio Guterres warned Wednesday, amid spiralling debt, heavy tariffs and financial insecurity for emerging nations.

Guterres said too many countries were trapped in a debt crisis, spending more money on servicing creditors than funding health and education.

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