Tuesday, December 14, 2010

WTO Director-General: 2010 World trade increased by no more than 10 per cent

Xinhua 7/22/Shanghai (Mulberry)--the World Trade Organization (WTO) Director-General Pascal Lamy · 22 November in Shanghai the ninth round of Doha talks of expectations, and is expected to rise in 2010 global trade volume does not exceed 10 per cent.

According to the world statistics, decline in world trade in 2009 to 12 per cent. To this end, Lamy believes that this is largely affected by the crisis, the impact of macro economic decline during the period, while non-protectionist policies. "This is not to say that no trade protectionism, but trade protectionism on the restriction of the global economy is not serious. ”

Lamy believes that global trade volume in 2010 will be picked up, it is expected that no more than 10 per cent, but this has yet to be seen in the second half of the year.

For the upcoming ninth round of the Doha negotiations, Commissioner Lamy expressed the hope that the successful completion of the expectations. Lamy indicated that, although it cannot determine whether final between the Member States, but the common view is needed on the 1994 economic system reform. Once the negotiations to a successful conclusion, you can expect a further increase in global trade will, in the global economy will further develop the economy will also be more fair, "we want to be able to run on the new car."

Pascal Lamy, WTO, although less than 10 years, but in the global financial crisis, China's high-growth economy and strong import demand in the global economy has become an important element of stability. For Asia, Africa and Latin America, and many other developing countries, China, through aid for trade.

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