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ANKARA - Global trade is expected to reach USD28 trillion in 2021, up 23 percent from last year, according to a report issued Tuesday by the UN Conference on Trade and Development (UNCTAD). Global goods trade set a new record by reaching USD5.6 trillion in the third quarter of this year, the Global Trade Update report said. While this was a 24-percent increase from the same period of 2020, it was a 13-percent gain compared to the third quarter of 2019, it added. "Trade in goods is expected to remain constant at about USD5.6 trillion in the fourth quarter of 2021, while the trade in services will likely continue to slowly recover," it said. Services trade stood at about USD1.5 trillion in the July-September period of this year, according to the report. "The value of global trade in goods continued to increase during each quarter of 2021. The recovery has been more muted for trade in services, which remains below its levels of 2019," the report said. "Trade in go

Turkey generalGlobal trade updateAnkara global trade is expected to reach usd28 trillion in 2021P 23 percent from last yearCcording toa report issued tuesday by the un conference on trade and development unctad global goods seta new record reaching usd5 6 trillion in third quarter of this yearHe global trade update report said while this wasa 24 percent increase from the same period of 2020T wasa 13 percent gain compared to the third quarter of 2019T added quot trade in goods is expected to remain constant at about usd5 6 trillion the fourth quarter of 2021Hile the trade in services will likely continue to slowly recoverUot it said services trade stood at about usd1 5 trillion in the july september period of this yearCcording to the report quot value of global trade in goods continued increase during each quarter 2021 recovery has been more muted for servicesHich remains below its levels of 2019Uot the report said quot trade in goods is projected to reacha record level of usd22 trillion 2021 services should be valued at about usd6Till slightly below its pre pandemic levelUot it added unctad warned that the global trade outlook for 2022 remains quot very uncertain due to several factorsUch asa slowing economic recovery