WTO releases annual report, pegs global growth at 2.8 percent
Q. WTO released its 2015 Annual Report on 30th September 2015 according to which global trade will grow by what percentage in 2015?- Published on 03 Oct 15a. 2.8
b. 2.6
c. 2.7
d. 2.5
ANSWER: 2.8
WTO on 30th September released a 2015 Annual Report providing overview of WTO activities in 2014 and 2015. According to the report, world trade will grow by 2.8 percent in 2015 against 2.5 percent growth in 2014. In 2016, world trade is expected to increase by 3.9%. The most recent entrant to this world grouping is 161st member Seychelles which joined in April 2015. Report also indicated India was involved in 43 trade disputes between 1995 and 2014 and undertook second highest dumping initiations. Since 2014, the only Indian in the 7 member Appellate Body of the WTO is U. S. Bhatia.
