In the first half of 2011,global trade volume and value were all higher than the level a year earlier,and the average growth of trade volume remained at 7.15 percent;In the second half of 2011,we expect the growth of international trade in goods to slow down,with the growth rate to be 4.48 percent.As the downturn risk of world economy remains,according to our estimation,the annual world merchandise trade growth in 2011 could only be maintained at around 5.3 percent,slightly lower than the recent estimation of the World Trade Organization(5.8 percent).In addition,with the prevalence of global production networks,preferential trade agreements are increasingly characterized by deepening integration. <<