Asian imports point to `bottoming out` of world trade slump: WTO
Geneva (ANTARA News) - Growth in imports posted by major Asian trading nations in February may be a sign that a world trade slump is "bottoming out," the World Trade Organisation said Monday.
Following successive months of decline, import data for China, Singapore, Taiwan and Vietnam turned positive in February, noted the WTO.
"While this is only a single month of data, and should therefore be interpreted cautiously, it could be evidence of slowing decline and perhaps a 'bottoming out' of negative trade growth trends," a WTO report was quoted by AFP as saying. (*)
hmn/pac/adp
Following successive months of decline, import data for China, Singapore, Taiwan and Vietnam turned positive in February, noted the WTO.
"While this is only a single month of data, and should therefore be interpreted cautiously, it could be evidence of slowing decline and perhaps a 'bottoming out' of negative trade growth trends," a WTO report was quoted by AFP as saying. (*)
hmn/pac/adp