Talks on cutting trade tariffs on hundreds of information technology products collapsed on Friday, delaying and potentially scuppering a deal estimated to be worth $1 trillion to global trade.
"We are disappointed not to be c
Failure to reach a global customs rules deal could have a "considerable impact" on other areas of global trade negotiation, World Trade Organization Director-General Roberto Azevedo said on Monday during a visit to Mexico.
The World Trade Organization slightly raised its 2014 forecast for growth in global goods trade to 4.7 per cent on Monday, saying it did not expect a return to the historical trend level of 5.3 per cent until 2015.
"If GDP fo
The World Trade Organization slashed its forecast for trade growth in 2013 on Wednesday, saying it feared protectionism was on the increase.
It cut its forecast for global trade growth in 2013 to 3.3 percent from 4.5 percent and s
World trade growth will slow for a second year to 3.7 per cent in 2012 but "severe" downside risks could drive it further below the 20-year average of 5.4 per cent, the World Trade Organisation forecast on Thursday.
Trade growth slowed to
World trade will grow by 6.5 per cent this year, the World Trade Organization said on Thursday, above the average rate between 1990 and 2008 of 6 per cent, but falling short of last year's dramatic rebound.
The WTO said growth in merchandi
World trade is expected to grow 9.5 per cent this year, after suffering its biggest collapse since the Second World War in 2009, said the chief of World Trade Organisation (WTO).
'Our economists are forecasting a world trade growth fo
Global trade contracted by about 12 percent in 2009 but has started to pick up, the head of the World Trade Organisation (WTO) said on Wednesday.
WTO Director General Pascal Lamy said the organisation had revised its pre
Trade flows are likely to slow this year as consumers worried about the financial crisis cut back spending and a cyclical downturn bites into exports and imports, economists said.
But the crisis itself has so far had only a moderate impact