The EU wants to slash emissions from transport by 90 percent by 2050 by getting cargo off of CO2-emitting trucks and on to much cleaner railways and barges.

The outlook for the global economy has slightly improved since the WTO’s most recent trade forecast was issued in October of last year but the pace of trade expansion in 2023 is still expected to be subpar, weighed down by the ongoing conflict in Ukraine, stubbornly high inflation, tighter monetary policy and financial uncertainty.