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The WTO said its projections for world trade take into account factors like the impact of the war, sanctions on Russia, and lower demand around the world from lower business and consumer confidence.
Live Updates | Russia-Ukraine War →
As the World Trade Organization notes, “trade openness can help efforts to mitigate and adapt to climate change, for example by promoting an efficient allocation of the world’s resources (including natural resources), raising standards of living (and hence the demand for better environmental quality) and improving access to environmental goods and services.”
