The Global Enabling Trade Report 2010

The Global Enabling Trade Report 2010 is being released at a time when global trade is recovering from the deepest slump it has experienced since World War II. Events over the past half decade have tested the international trading system in many ways. Trade flows reached historic highs in April 2008, only to see their sharpest drop in generations a few months later. Yet, despite initial concerns, determined not to repeat the mistakes of the Great Depression, governments for the most part resisted protectionist pressures. As a result, the turnaround has been remarkable. Following a decline of 12.2 percent in 2009, the World Trade Organization (WTO) estimates that trade will rebound by 10 percent in 2010.