Millennium Post

India among world’s top 25 exporters, says WTO chief

India has emerged as one of the top 25 leading exporters in the world along with countries like Brazil Mexico and Malaysia, WTO chief Pascal Lamy has said.

'In addition to China, many new trading powers have emerged – Brazil, India, Mexico and Malaysia are all in the top 25 leading exporters' table and all posted export growth of 15 per cent or better in 2011, ' Lamy said at the Brookings Dialogue. He said developing countries' share has increased to about 50 per cent compared to around 33 per cent of the global trade in 2008. Also trade as a share of the world GDP has risen from roughly 40 per cent in 1980 to around 60 per cent today.

However, Lamy said that increasing use of non-tariff measures by different countries are impacting trade. '...governments are implementing a variety of non-tariff measures which impact trade flows, sometimes profoundly,' he said on 1 October. These measures are regulatory in nature and are aimed at protecting consumers? health and safety, he added. They include standards, testing and certification procedures.    
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