Global trade flows are sluggish and should be double their present levels, according to the Organization for Economic Co-operation and Development (OECD).
"Trade growth is below 3 percent, it should be at 6-7 percent and act as a locomotive ... We look like we're going backwards," Angel Gurria, OECD secretary-general, told CNBC over the weekend.
Stalled progress over the Transatlantic Trade and Investment Partnership (TTIP) isn't helping either, he said, speaking on the sidelines of the Group of Twenty (G-20) summit in Hangzhou.
The TTIP is set to be one of the world's largest trade pact alongside the Trans-Pacific Partnership (TPP) but a number of politicians, including French trade minister Matthias Fekl as well as U.S. presidential hopefuls Donald Trump and Hillary Clinton, have rejected the idea.
"The TTIP rules make a lot of sense. But that's why it's so difficult and so important, that's why it's going to take time. We believe it's a win-win proposition, we believe it should be pursued," stated Gurria, who's held his post at the OECD for a decade.