Reflecting expectations of a moderate pickup
in import demand in developed economies and
most developing regions, the WTO expects global
merchandise trade to grow by 3.3 per cent in 2013,
a rate below the average rate of the last 20 years
(5.3 per cent) (WTO, 2013). Export and import
volumes of developed economies are expected to
increase at the same rate of 1.4 per cent. Together,
exports of developing economies and the economies
in transition are projected to increase by 5.3 per
cent, while their imports are predicted to expand by
5.9 per cent.