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Developing countries are facing the harsh impact of declining commodity prices

Delegates at the meeting of the G20 Trade Ministers that is held in Istanbul, Turkey are in agreement that globally trade has slow down. The meeting was focusing on the slowdown in global trade and how to make the multilateral trading system work better. The meeting also focused on the implications of the global trade slowdown for the future of trade and at policy options to further integrate SMEs into global value chains.

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