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Will Austerity Impact Trade and Investment Across Borders?

Monday, 14 May 2012 | 4:40 AM ET

Pascal Lamy, director-general of the World Trade Organization, told CNBC "Overall while European banks have stepped out of this market (trade finance) for regulatory reasons, Asian banks have largely taken their position so overall the market is not in an imbalance between supply and demand of trade finance but we have an issue in the low end of the market."