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VOLUME OF GLOBAL TRADE RISES AT SHARPEST RATE IN OVER FIVE YEARS

Global trade rose at its fastest rate in more than five years in July, suggesting the economic recovery is feeding through into commerce.

An index compiled by the Bureau for Economic Policy Analysis, a Dutch research institute, showed the volume of world trade rising 3.5 per cent in July after a revised increase of 1.6 per cent in June.

The rise in volumes was the steepest since December 2003.

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