Global trade continues to grow moderately in the first quarter of this year following a rebound in Global trade in the fourth quarter of last year, according to a recent World Trade Organisation report. Some analysts pointed out that the current global trade growth is still fragile. In order to promote global trade bottomed out, the world should continue to oppose trade protectionism, firmly safeguard the multilateral trading system, open world economy to build a more dynamic, more inclusive, more sustainable.
           The latest issue of Global trade boom index report shows that the first quarter of this year, Global trade boom index for 102, not only higher than the index value of 100, but higher than last November released index 100.9, indicating that the global trade is further growth. Specifically, air cargo transport, car sales, export orders and container throughput and other aspects of the data showed a steady growth in the past few months to Global trade boom index, the leading indicator in the early months of the year the amount of Global trade in goods accelerated growth. But at the same time, the global trade index, which is involved in important areas such as electronic components and agricultural raw materials, is still in the doldrums. On the whole, it still has a long way to go to push global trade growth out of the trough. The WTO held in 2016 July in the group of twenty trade ministers meeting on the eve of the first release of Global trade boom index in Shanghai, and a quarterly update, through trade statistics data acquisition in major economies, Global trade current short-term development to provide early signals, and the business community to provide more timely information for International trade and trade policy develop and provide reference for decision makers. If the value of the global climate index is 100, it means that trade growth is consistent with recent trends, and that the index is large (smaller) at 100, which means that trade growth is high (low) at trend levels.
           Last year, Global trade continued to decline and Global trade growth fell to its lowest level since the outbreak of the international financial crisis in 2008. In the face of the "anti globalization" trend which is now becoming a climate, the urgency of building an open world economy and continuing to promote liberalization and facilitation of trade and investment has been further highlighted. Protectionist policies such as the short term relief of a quench, seemingly domestic pressure, but in the long term to itself and the world economy caused irreparable damage. Countries should abide by new protectionist measures and commit themselves to concrete actions to promote global trade growth.
           First, countries should aim to further reduce trade costs and encourage all WTO members to implement the trade facilitation agreement in full. According to the organization for economic cooperation and development (WTO), the full implementation of the trade facilitation agreement could reduce the cost of Global trade by 15%. Second, countries should recognize the importance of global value chain as the driving force of Global trade and investment flows, is committed to take to promote more open and sustainable and inclusive of the value chain policy, play the radiation effect of interconnection infrastructure and leading role, to encourage the development of small and medium-sized enterprises Chinese and further integration into the global value chain and value added. Thirdly, all countries should tap new growth points of trade, especially e-commerce, service trade and other fields, which are becoming a new driving force for Global trade and economic growth. In terms of trade in services, should promote market openness, transparency and competition; in e-commerce, e-commerce should deepen cooperation and encourage cooperation between the government and the business community, improve e-commerce policy environment. In addition, the trade financing gap has also hindered trade and economic growth, and countries should strengthen trade financing for existing multilateral trade financing projects, such as the world bank and multilateral and regional development banks.
           Development only when continuous, not completed. Sustainable trade development requires a sustained global effort. All countries still need to continue to develop the spirit of "solidarity, cooperation and win-win cooperation", and pool consensus and work together to truly promote a strong, sustainable, balanced and inclusive growth of the world economy.