Lamy: Trade growth to modestly rebound in 2013 but world still in “tailwinds of the crisis”

October 15, 2012

The following is excerpted from a 12 October 2012 speech by DG Pascal Lamy of the World Trade Organiztion.

Director-General Pascal Lamy, in his address to the Research Institute of Economy, Trade and Industry in Tokyo on 12 October 2012, said that “based on current information, and holding a number of assumptions to task, the WTO expects trade growth to modestly rebound to 4.5% in 2013 with exports of developed and developing economies increasing by 3.3% and 5.7%, respectively and imports increasing by 3.4% and 6.1%, it is clear that the world is still working its way out of the crisis”.

This speech is available in its entirety at:
http://www.wto.org/english/news_e/sppl_e/sppl253_e.htm

Topic(s)

International Trade and Border Management

Information source

Canadian News Channel

Disclaimer

The foregoing information is provided for informational purposes only and is not intended as, nor should it be considered, professional advice or a substitute for conducting your own thorough research and review. Before making any decisions or taking any action based on the information provided, you should conduct your own independent investigation and/or seek professional advice from a qualified expert in the relevant field. The CSCB disclaims all liability for actions taken or not taken based on the information provided.

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