Rise in trade restrictions is concerning: WTO chief
The Dollar Business Bureau WTO chief Roberto Azevêdo speaking at Trade Policy Review Body, 8 December 2014 Roberto Azevêdo, Director-General, World Trade Organisation (WTO), has expressed concerns over increasing trade restrictive measures and has urged members to provide information over trade practices and reduce restrictions to help global trade recover. According to WTO estimates, global trade growth is expected to slowdown to 3.1% (down from previous forecast of 4.7%) in 2014 and recover slightly to 4% 2015. “Against this backdrop, recent trends in trade policy actions of members are a cause for concern,” Azevêdo said. He was referring to the increase in trade restrictions reported in the WTO’s annual report on “Developments in the International Trading Environment”. While introducing ...
