WTO Director-General Roberto Azevêdo has held a speech on the tendencies of the international trade development.
According to him the growth of the international trade is still weak. Despite the increase of 2.8% in 2014 it’s still twice as small as an analogical index of the year 1990, when it was 5.1%.
It is the third year already when the growth of the international trade is less than 3%.
Mr. Azevêdo mentioned as well, that one of the most important steps in the creation of a friendly environment in the sphere of trade is the implementation of so-called Bali Package of documents by the countries WTO-members, which is now in progress.
A group of states is also working now on the expansion of the Information Technology Agreement (ITA).
Director-General noted that both ITA work and Bali Package implementation will contribute to the growth of international trade index in the coming year.
Source: https://www.wto.org/english/news_e/spra_e/spra54_e.htm
Quickly and confidentially.
A qualified expert will give you a free consultation by telephone, help to determine the position and make an appointment at any time that suits you.
Call just now by phone: +44 203 608 22 48
E-mail us: london@hbcomp.co.uk
03/25/2024 18:25:00
Does the EU stop visa-free travel?
The European Union plans to update the mechanism that allows suspendin ...
03/20/2024 10:50:00
The 10 happiest and most unhappy countries in the world
The Sapien Labs research group has published an annual report on th ...
03/19/2024 10:35:00
Romania: new conditions for EU blue cards
On March 8, 2024, new rules governing the use of EU Blue Cards and ...