  WTO: global trade to expand over 10% in 2010 July 23, 2010 - 13:11 AMT PanARMENIAN.Net - Pascal Lamy, director-general of the World Trade Organization, said that global trade, in volume terms, is expected to grow more than 10% this year. The forecast is up from an estimate of 9.5% in March. "It will probably pick up 10 to 10-plus percent this year depending on what happens in the second half of the year," Lamy said speaking at the UN pavilion at the Shanghai World Expo, Reuters reported. Earlier, the International Monetary Fund predicted 5.8% growth in global trade in 2010. According to updated statistical data, Armenia's foreign trade turnover totaled $2.1bln in January-June 2010 that is 29.8% higher as compared with the same period of last year.   Top stories Yerevan has dismissed Turkey’s demand to shut down the Armenian nuclear power plant as “inappropriate”. Armenia will loan 2.9 billion drams to Nagorno Karabakh (Artsakh), according to a draft government decision. The Ministry of Ecology and Natural Resources of Azerbaijan has “strongly condemned” Armenia’s decision. Kerobyan has said that for the first time in the history of Armenia, the volume of foreign direct investments amounted to about $1 billion.   Partner news |  Related sections Latest news Russia provides info about arrested Armenian ex-MP  Russian law enforcement agencies have provided information about the arrest of Tigran Urikhanyan.Lemkin Institue slams Pashinyan's “cryptic engagement with Genocide denial” The Lemkin Institute is alarmed over Pashinyan’s statements “questioning Armenia's legal basis to pursue justice against Turkey”.41 detained as antigovernment protests continue in Yerevan 41 people were detained in Yerevan as people demanding Pashinian’s resignation stage campaigns of civil disobedience.Armenia votes for UN resolution granting Palestine new rights The U.N. General Assembly voted by a wide margin on May 10 to grant new “rights and privileges” to Palestine. |
