Global commerce is being reshaped in favour of emerging powers such as China and other developing nations, with the trend set to continue apace, the World Trade Organization said on Thursday.

“The world is changing rapidly, hence the world of trade is changing rapidly,” WTO chief Pascal Lamy said as he released the WTO’s Geneva-based body’s annual report.

The study showed that between 1980 and 2011, developing economies raised their share in world exports from just over one third to almost half, and their share of imports by a similar proportion. —AFP