World trade to decline 13-32% in 2020, says WTO

World trade to decline 13-32% in 2020, says WTO

09.04.2020

World trade in goods is set to decline steeply between 13 per cent and 32 per cent in 2020 as countries across the globe battle the Covid-19 pandemic, according to projections made by the World Trade Organization (WTO).
Trade will be hit hard across countries with nearly all regions expected to suffer double-digit declines in trade volumes in 2020, with exports from North America and Asia being hit the hardest.

The WTO has also warned that developing economies would require assistance given that the current crisis has hit almost all sectors. But trade will likely be affected more in sectors with complex value chains, particularly electronics and automotive products, it said. However, globally services trade may be most directly affected by Covid-19 through overarching transport and travel restrictions.

Merchandise trade volume already fell by 0.1 per cent in 2019, weighed down by trade tensions and slowing economic growth. Global merchandise exports in 2019 fell by 3 per cent to $18.89 trillion, while the value of commercial services exports rose a modest 2 per cent to $6.03 trillion in 2019.

News source: Information analysis agency SeaNews 

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The concept of "road toll" is enshrined in the law, which is a mandatory payment to the state budget of the Republic of Armenia for the development of the RA road network, construction of public roads of the Republic of Armenia for construction, repair and maintenance in the manner prescribed by this law.

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By vehicles registered (registered) in the territory of the Republic of Armenia, as well as unregistered (unregistered) vehicles with a maximum permissible mass of 12 tons, the users of the roads of the Republic of Armenia also pay a toll.

The draft proposes to set the rate of toll for the use of state (interstate-republican) high-traffic roads of the Republic of Armenia for up to 50 AMD for each kilometer of the passed road. The rate of toll for each year is set by the Government of the Republic of Armenia.

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