WTO: Falling trade costs to add 1.8-2.0 p.p to annual global trade growth until 2030

The World Trade Organization (WTO) is out with its latest report on the impact of the falling trade costs on the global growth outlook, with the key highlights found below.

WTO predicts falling trade costs could add 1.8-2.0 percentage points to annual global trade growth until 2030, despite current tensions.

WTO estimates that developing countries' share in trade could grow to 57% in 2030 from 46% in 2015.