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Global merchandise trade set for 3pc growth in 2025, says report

Global merchandise trade turned upwards in the first half of 2024 with a 2.3% year-on-year increase, which should be followed by further moderate expansion in the rest of the year and in 2025, according to Global Trade Outlook for October.

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Sports goods trade grows threefold to hit $64bn: WTO

Sports goods trade has seen a massive boost in recent years, with increased spending by a variety of consumers, ranging from fitness fanatics to aspiring Olympic athletes.    Since 1996, trade in sports good

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Dubai hub to help women entrepreneurs scale up businesses

More women in the Middle East and North Africa (MENA) are set to gain the skills and resources they need to tap opportunities in international trade, with the announcement of a regional SheTrades Hub on the sidelines of the World Trade Organizat

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Report on Future of Trade 2050 launched at WTO’s MC13

Only by understanding what trade might look like in 25 years’ time, can “we develop a system that is fairer and fully future-proofed”, said Dr Thani bin Ahmed Al Zeyoudi, UAE Minister of State for Foreign Trade.

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WTO official hails UAE’s commitment to trade liberalisation

A top World Trade Organisation (WTO) official has hailed UAE's commitment to trade liberalisation, including development of green and digital trade globally. Ralph Ossa, Chief Economist at WTO, cited the country's focus on low tariffs, e

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UAE to welcome 175 Ministers and senior officials to MC13

The UAE is gearing up to host the 13th Ministerial Conference (MC13) of the World Trade Organization (WTO) in Abu Dhabi between February 26 and 29.    It will be a pivotal event that brings together minister

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WTO lowers 2023 trade growth forecast

Projections for growth in global merchandise trade in 2023 have been scaled back by WTO economists amid a continued slump that began in the fourth quarter of 2022, WAM said in a report, citing the latest WTO trade forecast released on O

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Abu Dhabi meet will focus on global food security: WTO

The World Trade Organisation's (WTO) 13th Ministerial Conference (MC13), to be held in Abu Dhabi in February 2024, will provide a unique opportunity to ensure that trade contributes to strengthening global food security, said Deputy Direct

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New approach to global trade needed: WTO DG

There was need for a new approach to global trade that brings in more places and people from the margins to the mainstream of supply networks, said the World Trade Organisation (WTO) Director-General, Ngozi Okonjo-Iweala.  

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$31 TRILLION: Goods and services trade jumps 13%

Trade in goods and services amounted to $31 trillion in 2022, a 13% rise year-on-year, according to a new report from World Trade Organisation (WTO).   While trade in goods exceeded pre-pandemic levels already in

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