World trade in goods is estimated to grow at a higher 3.6 percent in 2017 compared to 1.6 percent increase in 2016, according to revised estimates circulated by the World Trade Organisation.
Growth in global trade was earlier projected at 2.4 percent in 2017 by the WTO, which attributed the improved outlook to a resurgence of Asian trade flows. This was mainly due to intra-regional shipments picking up and a recovery in import demand in North America.
Important Takeaways from Above News-
- Roberto Azevêdo is the sixth Director-General of the WTO.
Source- The Hindu