CGTN Interviews Financial Expert on Latest Global Trade Disputes and Their Impact

One of the most pressing topics at this year’s Web Summit in Vancouver is the ongoing series of global trade disputes. Against a backdrop of mounting tariffs, changing regulatory frameworks, and shifting alliances, industry leaders, policy makers, and financial experts gathered to address what lies ahead for international commerce. The event brought together key voices from around the world, each eager to share their perspectives and propose solutions to complex economic challenges.

Among the prominent speakers was Rocky Tung, representing Hong Kong’s Financial Services Development Council. Tung addressed the audience with a message of cautious optimism, describing how, despite the many headwinds facing global trade, there remain considerable opportunities for growth and collaboration. He emphasized that while protectionist policies and geopolitical tensions have created uncertainty, the underlying fundamentals of global trade are still robust. According to Tung, businesses can continue to thrive by adapting quickly to changing environments, investing in technological innovation, and maintaining open channels for dialogue between regions.

During his conversation, Tung highlighted the critical importance of digital transformation in mitigating trade disruptions. He pointed out that advances in financial technology and cross-border e-commerce are enabling companies to navigate and even thrive amid ongoing disputes. “Innovation is a key factor in overcoming challenges in global markets,” Tung remarked, stressing that efficiency and agility will help businesses weather periods of instability.

Despite the obstacles, attendees at the summit echoed Tung’s positive outlook. Many experts argued that increased economic interdependence makes complete isolation unlikely and underscored the benefits of multilateral cooperation. As the summit continues, participants are expected to delve further into strategies for balancing national interests with the demands of a rapidly integrating global economy.

With trade disputes set to remain a central issue for policymakers and corporations alike, the discussions in Vancouver signal a continued search for sustainable solutions that foster both resilience and opportunity in the world’s interconnected markets.