World trade figures for 2010, prospects for 2011 — Interview with WTO Chief Economist Patrick Low

http://www.wto.org/ 07.04.2011


After a record growth rate of 14.5% in 2010, world trade is expected to grow in 2011 by 6.5%, according to WTO Economists. "The figures show how trade has helped the world escape recession in 2010," WTO Director-General Pascal Lamy said. "However, the hangover from the financial crisis is still with us. High unemployment in developed economies and sharp belt-tightening in Europe will fuel protectionist pressures. WTO Members must continue to be vigilant and resist these pressures and to work toward opening markets rather than closing them", he added.


Link to the press release:
http://www.wto.org/english/news_e/pres11_e/pr628_e.htm

More on International Trade Statistics:
http://www.wto.org/english/res_e/statis_e/statis_e.htm

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New Delhi's International Trade Fair Boosts Small Business

For more news, please visit http://english.ntdtv.com

The India International Trade Fair 2010 has opened its doors in New Delhi. It's showcasing a wide range of products and services, both from Indian businesses and overseas companies.

Organizers say marketing is one of the major problems for small businesses, so this exhibition provides opportunities for small-scale entrepreneurs to open up marketing possibilities.

[Samarendra Sahu, Additional Development Commissioner]:
"The primary aim of this exhibition is to give an opportunity to the small-scale entrepreneur to showcase their products, so that you know, they have marketing possibilities open up for them."

Around 30-40 small businesses are taking part in the trade fair. Companies from 23 countries are also showcasing their products and services.

The small business sector forms the backbone of the Indian economy as it contributes about 50% of India's total exports and provides employment to as many as 15-million people.