WTO head confirms 2012 slowdown in world trade

Published by rudy Date posted on August 31, 2012

PARIS, France – Pascal Lamy, head of the World Trade Organization (WTO), confirmed that growth in global trade would remain below 4% this year and urged governments against protectionism.

Annual growth in world trade has averaged 6% over the past 15 years, but this year “we will be below four percent,” Lamy told France’s BFM radio, blaming the slowdown on a sluggish world economy.

But Lamy said the rough patch should not be an excuse for political leaders to give in to protectionism “which makes no sense.”

“The world has crossed this crisis without a protectionist tsunami, but there are preoccupying signs that the WTO is watching over closely,” Lamy said.

In April, the WTO warned that world trade growth, which slowed in 2011 after a big rebound in 2010, would weaken again this year and grow by 5.6% in 2013. – Agence France-Presse

January – ZERO WASTE MONTH

“Stop wasting our money.
Stop corruption!”

Invoke Article 33 of the ILO Constitution
against the military junta in Myanmar
to carry out the 2021 ILO Commission of Inquiry recommendations
against serious violations of
Forced Labour and Freedom of Association protocols.

Accept National Unity Government (NUG)
of Myanmar.  Reject Military!

#WearMask #WashHands
#Report Corruption #SearchPosts #TakePicturesVideos

Time to support & empower survivors. Time to spark a global conversation. Time for #GenerationEquality to #orangetheworld!

January

 

24 Jan – International Day of Education

26 Jan – International Day of Clean Energy

 

Monthly Observances:

 

National Microinsurance Month 

Zero Waste Month

 

Weekly Observances:

Week 1: National Time Consciousness Week

Week 3: National Mental Health Week 

Last Week: Children’s Week


Daily Observances:

January 6: Community Development Day 

Third Sunday: Children’s Day 
Day of Sanctity and Protection of Human Life

 

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