High cost of credit worries exporters as growth space shrinks

According to the World Trade Organization, global trade entered a tough phase in the second half of 2018 and is expected to slow further in 2019

As global trade forecasts increasingly hold out dimmer prospects of growth, irritants such as the high cost of credit, continuing liquidity crunch, and operational difficulties remained among the top complaints of exporters at the last Board of Trade meet of the current regime.

The Board of Trade is a periodic meet of senior officials of key ministries including finance and agriculture, all major trade and industry bodies, export promotion councils (EPCs) and industrialists to evaluate the exports sector.

According to the World Trade Organization, global trade entered a tough phase in the second half of 2018 and is expected to