Challenges to global trade

Challenges to global trade

(VOVWORLD) - The World Trade Report of the World Trade Ogranization released in September says trade has helped narrow the income gap between economies over the last three decades, but is...
2023 sees global trade recession but hope is in sight

2023 sees global trade recession but hope is in sight

(VOVWORLD) - Persistentinflation and high interest rates, slow recovery of many major economies, geopolitical instability, and rising public debt in many countries have caused a global trade recession this year. Economists say...
Global trade to drop 5% this year

Global trade to drop 5% this year

(VOVWORLD) - Global trade is set to contract 5% in 2023, the UN Conference on Trade and Development (UNCTAD) said Monday, and its forecast for 2024 was pessimistic
G20 Summit addresses global trade, environment

G20 Summit addresses global trade, environment

(VOVWORLD) - The G20 Summit of developed and emerging economies opened on Friday in Osaka, Japan, with protectionism on the rise despite global trade liberalization. During the 2-day summit, participants will discuss trade wars...
CPTPP – leverage for global trade

CPTPP – leverage for global trade

(VOVWORLD) - The Comprehensive and Progressive Trans-Pacific Partnership, a new version of the Trans-Pacific Partnership will be signed by 11 member countries Thursday in Chile. The agreement is expected...
Trade protectionism continues

Trade protectionism continues

(VOVWORLD) - Global trade growth is expected to exceed 3.5% this year. But there remain downside risks, in particular protectionism for local production that could threaten the world economy and...
G20 Summit promotes global trade

G20 Summit promotes global trade

(VOVworld)- The G20 Summit has wrapped up in Hangzhou, China after two days. Many measures to boost global trade were discussed at the event