WTO Sees Slowdown of Global Goods Trade Growth Being Short-Lived

GENEVA, March 1 (Reuters) – Global merchandise trade growth slowed at the end of 2022 and was likely to remain weak in the first quarter of this year, the World Trade Organization said on Wednesday.  However, the WTO said any slowdown may be short-lived given that container throughput at Chinese ports and new export orders have already started to pick up, the former following a sharp easing of COVID-19 restrictions in China. The WTO said its goods trade barometer dropped to 92.2 points in March...

https://gcaptain.com/wto-sees-slowdown-of-global-goods-trade-growth-being-short-lived/

New technologies can facilitate trade but many issues stymie adoption

Graphic: a conceptual representation of the digitalisation of shipping and international trade. Graphic credits: Kookay and Gerd Altmann (via Pixabay). Montage: Shipping Australia.

New research by the World Trade Organization and the World Customs Organization indicates that there are trade gains to be made from widespread adoption of new, advanced, data technologies but a variety of issues, such as data privacy, a lack of expertise, and information accessibility – among others – can hinder...

https://www.shippingaustralia.com.au/new-technologies-can-facilitate-trade-but-many-issues-stymie-adoption/