The fake goods industry keeps rising and is worth nearly half a trillion US dollars. With special feature audio and video.
The final agreement on the Trans-Pacific Partnership will create a powerful new economic bloc.
Nevil Gibson discusses his latest Editor's Insight on NBR Radio and on demand on MyNBR Radio.
Its officials informed the WTO on Wednesday that the territory deposited its instrument of acceptance for the TFA Protocol with the Secretariat on December 8.
Last year’s collapse in global trade in goods and services in the world’s 30 most industrialised economies continued into the first quarter this year but the rate of decline has slowed, the OECD says.
Among all 30 member economies, including New Zealand, the value of exports fell 13.4% compared with the previous quarter while imports declined 15.2%. In the fourth quarter of 2008, exports fell 18.5% in value on a quarterly basis and imports 18.4%.
Compared with the first quarter of last year, goods and services exports plunged 27.1% in value and imports 27.9%.
New International Monetary Fund figures show world trade collapsed by 45% over the last three months of 2008, as the International Labour Organisation (ILO) warns that up to 51 million jobs could disappear by the end of this year.
The IMF’s World Economic Outlook update, released this morning, is predicting global growth to slump to 0.5% over 2009, the lowest rate since WWII. This is a massive downwards revision of roughly 1.75% from its November update.