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Europe Daily Bulletin No. 10311

9 February 2011
Contents Publication in full By article 19 / 35
GENERAL NEWS / (eu) eu/trade
Lamy, changing ways of measuring world trade

Brussels, 08/02/2011 (Agence Europe) - In the view of Pascal Lamy, commercial tensions resulting from the American and European deficits to China, for example, are based on an obsolete way of measuring international trade. This tension will disappear once the way of measuring trade has been changed. Currently, trade is measured as if a product was made in a single country, even though the production chain now involves more than one country in many cases. The i-Pod is the best example of...

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