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World Trade Bulletin

Gavin McFarlane of Temple Chambers Cardiff explores recent developments on the world trade front
When the previous Column was being written in the immediate aftermath of the Tsunami disaster on Boxing Day billions of pounds'-worth of relief and rebuilding aid was being pledged to the stricken populations by countries all over the globe which had not been affected by it. But as this month's contribution is being put together in the second week of February the United Nations has just gone on record with the announcement that only around one third of the amounts pledged has actually been paid in hard cash. This justifies the cynicism of some commentators at the time who are now able to indulge in the luxury of reminding us that this was largely what they had forecast....

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