WTO advocates deeper understanding for global trade

Director General of World Trade Organization Pascal Lamy, who is touring India has said that in wake of talks to lower international trade barriers amid growing challenges, it is important to further understand the global trade and recognize changing global trade policies and patterns. Lamy stated this while addressing a meeting hosted by the Federation of Indian Chambers of Commerce and Industry (FICCI) in New Delhi. He also pointed out the rising obstacles to international trade. Lamy also said that it he has observed that the efficiency of international trade now also depends on the administrative thickness of borders, which is a key area of concern.