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WTO sounds alarm on trade risks and other trade news | World Economic Forum Global trade forecast: 0 2% decline in merchandise trade, with North American exports down 12 6% Worst-case scenario: Decline could reach 1 5% if tensions escalate Services trade growth: Revised down to 4 0% from earlier expectations Impact on least-developed countries: Vulnerable economies hit hardest by the trade slowdown
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Discover this weeks must-read trade stories | World Economic Forum Los Angeles is the US's largest port Following the trade agreement that cuts US tariffs on Chinese goods from 145% to 30%, there was a recent surge in container ship bookings from China Yet a long-term drop in shipping is still a concern for the port The following video explores the impact:
The UK and India just signed a historic free trade deal. Heres what . . . The UK and India have signed a free trade deal which will 'further strengthen the UK-India strategic partnership' The agreement will cut levies on 90% of British products sold in the country, including whisky, food and electrical devices The new agreement is expected to increase bilateral trade between the countries by $34 billion a year from
Top global trade stories this month | World Economic Forum A trade agreement between the European Union and New Zealand entered into force this month In recent years, trade in goods between the two partners has risen steadily, hitting almost €9 1 billion in 2022 According to an EU assessment, the agreement is expected to increase trade between the EU and New Zealand by 30%
Discover this months must-read trade stories | World Economic Forum Trade tensions are escalating: The report assumes a 25% increase in tariffs on imports into the US from Canada and Mexico, adding pressure on global trade and with more policy changes predicted Inflationary pressures persist: Services inflation remains high, and goods inflation is picking up, keeping core inflation above central bank targets
International trade: What you need to know this month This monthly round-up brings you a selection of the latest news and updates on global trade Top international trade stories: Lessons from Davos on the state of global trade; Red Sea shipping attacks "chaotic" for European manufacturers and retailers; European Commission scales back plans to impose tighter controls on outward investment and sensitive technology
Discover this weeks must-read trade stories | World Economic Forum The World Trade Organization (WTO) has raised its 2024 global trade growth forecast to 2 7%, up from 2 6%, and predicts a further rise to 3% in 2025 if Middle East conflicts remain contained Trade rebounded this year following a 2023 slowdown due to high inflation and interest rates, a new WTO report shows