Driven by globalization and the digital technology revolution, the pattern of international economy and trade has undergone significant changes. The emergence of new situations such as trade protectionism and regional economic integration has not only brought challenges to the economic development of various countries but also contained new opportunities. It is necessary to seize the new situation and continuously improve international competitiveness to truly adapt to the development needs of international economy and trade. From the perspective of international economy and trade, this paper analyzes the value of its development under the new situation and puts forward specific development countermeasures, aiming to provide reference for countries to achieve the goal of high-quality development in global economic and trade cooperation.