CGTN Explores Global Trade Disputes with Leading Financial Expert

One of the central topics dominating conversation at this year’s Web Summit in Vancouver has been the surge in global trade disputes and their impact on international commerce. Business leaders, policymakers, and experts have gathered to discuss the evolving landscape and the implications for economies worldwide. The summit, known for drawing diverse voices from across sectors, has seen particular focus on the challenges and opportunities emerging from escalating trade tensions.

Rocky Tung, representing Hong Kong’s Financial Services Development Council, was among the keynote speakers addressing these issues. In a highly anticipated session, Tung expressed cautious optimism regarding the future of global trade, even as stakeholders grapple with uncertainty caused by recent tariff hikes, sanctions, and supply chain disruptions. He emphasized that while headwinds remain, especially amid ongoing geopolitical friction, opportunities persist for economies willing to adapt and innovate.

Tung highlighted several areas where he sees promise, including the continued growth of technology-driven services and the resilience of financial markets in Asia. He pointed out that, "Despite short-term obstacles, the fundamentals driving cross-border business remain intact." According to Tung, increased collaboration between the public and private sectors, along with a commitment to dialogue, will be critical in navigating the complex environment ahead.

The sentiment at the summit echoed Tung’s cautiously positive outlook, with many participants noting that global trade may be shifting rather than shrinking. As regulatory frameworks evolve and digitalization accelerates, new partnerships and trade routes are expected to emerge. The discussions underscored the importance of adaptability and foresight in sustaining economic growth in an era defined by uncertainty and change.

With trade issues at the forefront, the Web Summit has served as a timely forum for thought leaders to share insights and strategies. Looking forward, attendees remain hopeful that sustained engagement and innovative solutions will help overcome the current challenges, positioning global trade for a more stable and prosperous future.