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What are the objectives of foreign trade policy 2009 14?
Overall Summary: The short term objective of our policy is to arrest and reverse the declining trend of exports and to provide additional support especially to those sectors which have been hit badly by recession in the developed world.
Why did global trade slow in 2008-2009?
economy. Declining asset prices, faltering demand and falling production translated into dramatically reduced and, in some cases, negative growth in production and trade in many countries. Trade has also been affected adversely by a sharp decline in credit to finance imports and exports.
What was the US trade deficit in 2008?
In 2008, the merchandise trade deficit increased by $24.2 billion (3 percent) to $920.7 billion. The trade deficit was affected substantially by the higher price of crude petroleum, which resulted in an increase in the value of U.S. imports of energy-related products.
What was the US trade deficit in 2009?
In 2009, the U.S. merchandise trade deficit fell by $308.2 billion (33 percent) to $612.4 billion.
Related links
2009 Trade Policy Agenda and 2008 Annual Report
Feb 27, 2009 The Office of the United States Trade Representative (USTR) is responsible for the preparation of this report, which was written by USTR staff.
Apr 27, 2017 During 2016 we successfully raised funds at both Group and subsidiary level, putting the Company in a stronger financial position to capitalise
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