UPDATE 1-Global trade to expand over 10 pct in 2010 -Lamy

* Trade is picking up vigorously this year

* China is winner no 1 for not resorting to protectionism

* Rules governing global trade need to adapt to new
realities

(Adds quotes, background)

By Farah Master

SHANGHAI, July 22 (BestGrowthStock) – Global trade, in volume terms,
is expected to grow more than 10 percent this year, Pascal Lamy,
director-general of the World Trade Organisation, said on
Thursday.

The forecast is up from an estimate of 9.5 percent in March.

“It will probably pick up 10 to 10-plus percent this year
depending on what happens in the second half of the year,” Lamy
said speaking at the UN pavilion at the Shanghai World Expo.

“Trade is picking up as vigorously as it decreased in 2009,”
he said, cautioning that the outlook for the second half of the
year remained shaky.

When asked about countries resorting to protectionist
measures during the crisis, Lamy said China had complied with
its WTO obligations.

“If we had a wave of protectionism during this crisis, China
would have been victim number one and because we had nothing of
this kind, China is winner number one.”

Lamy said negotiations on the Doha round of trade talks were
ongoing and it was not clear when a resolution could be
expected.

“There still remains a question whether WTO members can
conclude the negotiation and we only have the answer to this
question at the very last minute.”

The Doha talks, launched in late 2001, are deadlocked
largely over differences between the United States and the big
emerging economies of China, Brazil and India.

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(Editing by Ron Askew)

UPDATE 1-Global trade to expand over 10 pct in 2010 -Lamy