To help governments improve their border procedures, reduce trade costs and boost trade flows, OECD trade facilitation indicators identify areas for action in 133 countries and enable the potential impact of reforms to be assessed.
If successfully concluded, this would be the most significant bilateral Free Trade Agreement (FTA) to date, covering approximately 50% of global output, almost 30% of world merchandise trade (including intra-EU trade, but excluding services trade), and 20% of global foreign direct investment.
Businesses and policymakers are concerned by recent trends in export restrictions on strategic raw materials like rare earths, metals and food commodities. OECD is working to bring more transparency and discipline to the use of these restrictions.
VIDEO: Governments help aircraft manufacturers by offering foreign airlines state-supported financing, also known as export credits. A new set of rules, negotiated at the OECD, aims to bring order to the global aviation market.
Trade liberalisation - opening markets to fairer competition, with less market distortion - benefits consumers, workers and firms, and encourages growth, OECD analysis finds.