WTO: world trade is in a worrying situation
According to Pascal Lamy, the President of World Trade Organization (WTO), the value of global trade decreased by 9 percent and there are no signs of improvement.
"I do not see any positive signal. If you look at the Chinese or the U.S. trade datas, it is apparent that world trade is in the middle of the crisis" – Lamy told a forum in Paris. President of World Trade Organization has also added, that the international organization does not issue a forecast on the evolution of next year's global trade – reports ProfitLine.hu.
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