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The International Islamic Trade Finance Corporation (ITFC) Celebrates its 15th Anniversary
Toggle open close Global trade freedom has fallen for the third straight year and is at its lowest level since 2006. For countries around the world, that means higher tariffs and nontariff barriers than in the past. For families and businesses, it means that trading is more difficult and costly. The downward trend in trade freedom started well before the coronavirus pandemic, but a worldwide combination of pandemic-related business shutdowns and economic struggles has caused global goods trade to contract. Initially, many countries responded to the pandemic and increased demand for medical go...