"Handshake across the Himalayas"
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India and China will study new ways to ease tensions along their ill-defined border, Chinese Premier Li Keqiang said on Monday in his first foreign trip since taking office, which comes just weeks after a military stand-off between the Asian giants in the Himalayas. Full Article | Slideshow
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WTO chief sees bigger than expected trade contraction
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Pascal Lamy, Director-General of the World Trade Organization (WTO), attends the European Business Summit in Brussels March 26, 2009.
Credit: Reuters/Eric Vidal/Files
PARIS |
PARIS (Reuters) - World trade volume is likely to contract by a record 10 percent this year, a "huge drop", rather than the 9 pct forecast by the World Trade Organisation in March, WTO Director-General Pascal Lamy said on Wednesday.
"That's the situation and I'm afraid I can't read any good news in my trade numbers," Lamy told Reuters Television.
Lamy said he was hearing from the WTO's 153 members that they wanted to conclude the long-running Doha round to free up world trade in 2010.
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