Global trade recovery may have already peaked, suggests WTO
Although global trade fared better in 2020 than expected, the World Trade Organisation (WTO) reckons ...
China, which was excluded from the recently signed TPP deal, is set to lose up to 2.2% off its GDP as other countries benefit. The JOC also notes that container shipping, in contrast, is set to gain from the deal, which covers 40% of the global economy. It is said to be one of the most significant free-trade agreements in recent years, with 12 Pacific Rim countries signing the deal with the US.
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