Geopolitical concerns, including the Conflict in Ukraine, the deterioration of the situation in the middle East, the spread of Ebola in West Africa and decrease in the world prices of petroleum products, had a negative impact on world trade growth in 2014, according to a report by world trade organization announced on Tuesday.
"Geopolitical problems and natural phenomena had an impact on trade growth in the past year. The crisis in Ukraine, which lasted throughout the year, tensions in trade relations between Russia, on the one hand, and the United States, and the European Union, with return ", - the document says.
"The conflict in the middle East also brought regional instability, as did the outbreak of Ebola haemorrhagic fever in West Africa. Lower profits from exports to the US in the first quarter of the year was also provoked an unprecedented cold winter ", - informs the WTO.
in addition, the WTO emphasize that the fall in the prices of petroleum products by 50% since mid-2014 has also had a negative impact on trade and economic development in the world.
sections: Politics |