International trade, finance and transport

Despite the slow-down in global output in 1990, world trade remained buoyant with the volume of world exports increasing by 5.5 per cent-not much less than the 7 per cent of 1989. However, there were clouds on the international trade horizon, including growing concerns about the proliferation of bilateral trade arrangements, as well as about the formation of trading blocs and their eventual impact on the global trading system. There was also apprehension about protectionism and the tendency for some countries to substitute “managed trade” for free trade, and tensions were mounting with regard to the difficulties in reaching agreement on key agenda items in the Uruguay Round of multilateral trade negotiations.

Sustainable Development Goals:

Peace, Justice and Strong Institutions

Partnerships for the Goals