Global trade recovery may have already peaked, suggests WTO
Although global trade fared better in 2020 than expected, the World Trade Organisation (WTO) reckons ...
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By Alex Lennane
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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