Trade finance banks tap emerging markets growth

THE RECOVERY IN trade has mirrored that of the global economy – historically trade expands at two to three times the rate of GDP growth and this recovery follows that pattern. According to the World Trade Organization, trade volume (measured by exports) grew annually by nearly 6% on average between 2000 and 2007, before slowing to 2% in 2008 and then plummeting by a record 12% in 2009 in the wake of the global financial crisis.