apart from current global economic uncertainties, the outlook for merchandise trade is also clouded by the risk of tread finance. A report by the international Chamber of Commerce (ICC) and trade finance
a surge in protectionist measures is another driver of uncertainty in view of the current difficult economic climate and the lack of progress on the adoption of a multilateral trading system under the WTO Doha Round negotiations. at the November 2011 meeting of the G20 participants underscored their commitment to free trade and to the multilateral trade system. However, since mid-October 2011, 124 new restrictive measures have been recorded, affecting around 1.1 per cent of world imports. Relevant measures include trade remedy actions, tariff increases, import licenses and customs controls.