October 3, 2018 / 8:00 AM / 15 days ago

WTO sees tech adding one third to annual trade by 2030

GENEVA, Oct 3 (Reuters) - Technology and innovation will increase global trade by 1.8-2.0 percentage points annually until 2030, the head of the World Trade Organization wrote in a report published on Wednesday.

“Notwithstanding the current trade tensions, we predict that trade could grow yearly by 1.8 to 2.0 percentage points more until 2030 as a result of the falling trade costs, amounting to a cumulated growth of 31 to 34 percentage points over 15 years,” WTO Director-General Roberto Azevedo said in the foreword of the WTO’s World Trade Report 2018. (Reporting by Tom Miles Editing by Andrew Heavens)

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