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<p>The IMF and OECD have recently revised down their projections for global trade
growth in 2019. The latest OECD Economic Outlook, published on 21 May, states that
‘weak global trade… continue[s] to impede growth in many [emerging-market] countries’.</p><p>
</p><p>Well-functioning global trade relationships are vital for the global economy
and for ensuring UK businesses can manage their supply chains effectively.</p><p>
</p><p>In addition to working with countries to explore the best ways to develop our
trade and investment relationships, we are putting resource behind our efforts to
tackle market access barriers. We are establishing a new approach that brings together
the efforts of all of the government and new regional HM Trade Commissioners who will
help to resolve market access barriers across the globe.</p>
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