Borja Giménez Larraz· PPE

Underestimated

70% of world trade is conducted under the WTO.

Omissions

• The speaker did not cite any source for the 70% figure
• The figure of 70% appears to significantly underestimate the actual percentage of world trade conducted by WTO members
• No clarification was provided on whether this refers to trade volume by WTO members or trade specifically governed by WTO agreements

Sources

• PrimaryWorld Trade Organization - Statistics PortalWTO provides authoritative statistics on merchandise trade and commercial services trade for its member countries
• TertiaryWikipedia - World Trade OrganizationThe WTO has 166 members, representing over 98% of global trade and global GDP