Director-General Pascal Lamy, in his annual report to members on developments in the international trading environment, said: “The world needs a renewed and stronger commitment from all Governments to revitalize the multilateral trading system that can restore economic certainty at a time when it is badly needed. The policy determination to resist inward-looking policies seems to be faltering in some countries, even as the world economy needs more trade to stave off recession.”Learn more here.
Note: Information presented covers the period mid-October 2011 to mid-October 2012. The full report is available on the WTO website.
Chart credit: WTO