The World Trade Organisation said the trade in global goods trade will grow less than hoped this year and next as regional conflicts and the Ebola outbreak slow down economies.
A 3.1% year-on-year increase in trade in goods is expected in 2014, much less than the 4.7% the WTO forecast in April, said Reuters.
Monthly freight flows between the U.S. and its NAFTA partners fell 1.8 percent in July to $101.1 billion, according to statistics released Sept. 25 by the Department of Transportation. However, these data show that the value of total U.S.
Canada posted an unexpected trade deficit of $610-million in August, snapping a string of strong trade numbers, as imports surged while exports took a breather.
Six months after the U.S. Food and Drug Administration sounded a warning on generic drug maker Apotex’s quality standards, Health Canada has moved to ban the import of all drugs and drug ingredients from three factories in India, two of them associated with Apotex.
Germany will not sign a trade pact between Canada and the European Union unless an investment protection clause allowing companies to take cross-border legal action against governments is scrapped, Germany’s Economy Minister said on Thursday.
