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Global Trade Prospects Rise

October 1, 2016 12:34 am Published by

World trade is forecast to grow by up to 1.7% this year and by as much as 3.1% in 2017, according to the World Trade Organisation (WTO). The WTO’s latest trade statistics and outlook report indicate a pick-up in global trade over the course of Q3 2016, spurred by a general rise in container port throughput and an increase in market demand for US imports. WTO Director-General Roberto Azevêdo said: “While the benefits of trade are clear, it is also clear that they need to be shared more widely. We should seek to build a more inclusive trading system that goes further to support poorer countries to take part and benefit, as well as entrepreneurs, small companies, and marginalised groups in all economies. This is a moment to heed the lessons of history and recommit to openness in trade, which can help to spur economic growth.” This edition of the Trade Focus Report discusses the projected increase in global trade across developed and emerging markets, with a specific focus on Indonesia and its transformation into a leading economic powerhouse in Asia.

Download the latest edition of the Trade Focus Report, here.

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