WTO chief stresses need to learn from history on U.S. push for import substitution


NEW YORK, April 23 (Xinhua) -- Director-General of the World Trade Organization (WTO), Ngozi Okonjo-Iweala, said on Wednesday there is a need to learn from history in regard to the U.S. federal government's push for wholesale re-industrialization or import substitution.

Import substitution stories in countries like Brazil and Nigeria didn't go so well and "we need to learn from history," Okonjo-Iweala said at a dialogue organized by the Council on Foreign Relations.

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