Trade expansion dealt a blow as latest WTOI released indicated a slow momentum in global trade. On August 09, the World Trade Organization released the latest World Trade  Outlook  Indicator (WTOI), cautioning a  likelihood of slow trade expansion in the third quarter of  2018.  The WTO attributes the potential slow in trade expansion to the current trade tension among other factors.

https://www.wto.org/english/news_e/news18_e/wtoi_09aug18_e.htm

Turkey’s  Lira continues on a downward spiral after  President Trump ordered a metal tariff hike and President Erdogan takes to  Twitter to accuse other countries of causing the Lira’s drop.

https://www.ft.com/content/60154e8e-9e70-11e8-85da-eeb7a9ce36e4

United States suspended Rwanda’s free trade status for the exportation of clothes and textiles to the United States under the  African Growth Opportunity Act (AGOA).  Rwanda increased taxes on the importation of used clothing into the country to boost the countries, apparel and textile industries and further implemented a total ban on the importation of used clothes and shoes.

https://allafrica.com/stories/201808010146.html

August 13, 2018

International Trade News

Trade expansion dealt a blow as latest WTOI released indicated a slow momentum in global trade. On August 09, the World Trade Organization released the latest […]