Trade Assistance Could Reignite Growth, Help the Poor |
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July 6,2009
International trade could ignite and propel a global economic recovery, top United Nations and multilateral lending officials said on Monday.
International trade could ignite and propel a global economic recovery, top United Nations and multilateral lending officials said on Monday.
At a World Trade Organisation conference on aid-for-trade, World Bank President Robert Zoellick said that poorer countries whose exports have fallen sharply need to be ready to ship their wares again once the downturn bottoms out.
"Trade was one of the first sectors decimated by contracting consumption in high-income countries. But it will also be one of the first sectors to recover once the global economy picks up steam," Zoellick told diplomats at the WTO's headquarters.
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