WTO forecasts world trade to grow 8,5%.
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While the price increases for oil and other commodities may dampen growth in trade and overall output in 2005, these effects are being outweighed in 2004 by vigorous trade expansion in many countries and stronger than expected recovery in several others.
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Chinese foreign trade has increased 750 percent in the 55 years of the People&#39;s Republic of China, a Chinese trade official said Friday.
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The trade deficit hit another record high in October, with imports outpacing exports by $55.46 billion. The 9 percent increase from September was higher than expected
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Ukraine's accession to the World Trade Organisation, confirmed at a meeting in Geneva on Friday, will boost economic growth and foreign investment in this former Soviet republic, analysts said.
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Data in the coming week are expected to reveal a more resilient industrial sector and a narrowing trade gap.
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Prices are rising for foreign goods, but a falling greenback could help balance the world economy and fix America's trade deficit.
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The world's population will likely reach 9.2 billion in 2050, with virtually all new growth occurring in the developing world, a U.N. report said Tuesday.
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Boeing Co.  said on  Wednesday that world air cargo growth is expected to expand at  an average annual rate of 6.1 percent during the next two  decades, with markets linked to Asia leading the way.
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Believe in the eighth wonder of the world.
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Hopes for more tax relief, looser regulations, and an increase in trade.
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Global commerce is expected to grow 8.5 percent by the end of this year, helped by economic expansion that could overcome record oil prices, the World Trade Organization said Monday.
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GENEVA: The World Trade Organisation (WTO) raised its forecast for â04 global trade growth to 8.5% on Monday despite surging oil prices.
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Exports continued to grow this year at a stronger pace than imports, even though both categories set records, the Commerce Department reported.
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The World Bank released its annual report on global economic prospects saying developing countries will register growth of 6.1% this year and just above 5% in 2005 and 2006.
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Taoiseach Bertie Ahern has predicted that the &#x20AC;4 billion a year trade between Ireland and China could double in the next three to five years.
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China has honored some of its WTO commitments ahead of schedule. The revised Foreign Trade Law took effect as of July 1, which opened the foreign trade rights a half year earlier than expected.
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Ukraine has joined the World Trade Organisation, a move that should boost the country's economy.