By  on June 18, 2008

GENEVA — The surge in global trade growth, which has averaged 7 to 9 percent annually in the last decade, has been strongly boosted by the worldwide drop in average tariffs, which fell to 9.4 percent in 2007 from 14.1 percent during 1995 to 1999, a World Bank report said.

The "World Trade Indicators 2008" report concludes that, while rich countries have the lowest barriers to trade, many emerging economies also have posted large declines in import restrictions since the beginning of the decade.

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