Hello, I'm Ed Butler and welcome to Business Daily on the BBC World Service.

This week on the programme, we've been looking at what Donald Trump's return to the White House

could mean for the rest of the world.

We've heard from Latin America, from Canada and Africa about trade and other economic concerns.

And for the final part of the series today, I'm speaking to a man who was

once the most important trade official in the world was his take on the current political and

economic situation. The dominant factor in the organization of the world at the time and today,

which is the US-China relationship, was much less

tense or even aggressive than it is now. That is Pascal Lamy, former Director General of the

World Trade Organization and a former EU Trade Commissioner. We hear about his career and how in 2001, after years of negotiation,

he secured the fateful and perhaps controversial entry of China

into the WTO.

They entered at a time where WTO rules on subsidisation

were far from perfect.

Pascal Lamy reflects on what the global economy could look like

if US President-elect Donald Trump follows through on his threats

to impose swinging import taxes on goods from America's trading partners.

Major developing countries will be harmed by this stupid protectionist policy.

The thoughts of Pascal Lamy to come on Business Daily from the BBC World Service.

It was back in 2005 that Pascal Lamy first took on the role as head of the WTO.

The world was a very different place back then.

George W. Bush had just started his second term in the White House.

...