WTO reports 15% decline in global trade costs

Global trade costs

WTO reports 15% decline in global trade costs     World Trade Organisation (WTO) on Friday said that the Global trade costs have dropped by 15 per cent between 2000 and 2018. The Trade costs for services are higher than trade costs for agricultural goods, Trade costs for manufactured goods are the lowest. This was disclosed by the Ngozi Okonjo-Iweala-led World Trade Organisation (WTO) via its Twitter handle. According to the report, the overall trade costs are higher for women, SMEs, and unskilled workers. High-income groups face higher trade costs,…

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