Mr Gurría said the trade facilitation agreement at the core of the new package would cut red tape and speed border crossings worldwide, offering an important boost to world trade and the global economy. "As OECD work has highlighted, the benefits of lowering costs for traders are significant, and are particularly welcome today, given the slow growth seen in so many countries," Mr Gurría said.
Government support for agriculture in the world’s leading farming nations rose during 2012, bucking a long-term downward trend and reversing historic lows recorded in 2011, according to the latest version of an annual OECD report.
Around 850 million people worldwide are undernourished, mostly living on less than a dollar a day. Two-thirds of the world’s poor live in rural areas where farming is the principal economic activity.
Global agricultural production is expected to grow 1.5% a year on average over the coming decade, compared with annual growth of 2.1% between 2003 and 2012, according to a new report published by the OECD and FAO today.
How will global agriculture develop over the coming decade and what role will China play? With limited expansion of farmland and rising production costs, will supply be able to keep pace with demand to ensure food security?
Greater investment in transport infrastructure, agricultural research and food safety systems is needed to help Kazakhstan boost the long-term competitiveness of its farm sector and meet wider economic diversification objectives, according to a new OECD report.
Two new OECD reports provide wide-ranging evidence of how reforming subsidies and tax breaks for fossil fuels can help countries boost finances and meet green objectives.
Indonesia can improve national food security by facilitating greater investment in agriculture, opening agri-food markets to greater international trade, reforming input subsidies and food aid schemes and moving away from self-sufficiency policy objectives, according to a new OECD report.
Government support to agriculture in OECD countries fell to 19% of total farm receipts in 2011, a record low driven by developments in international commodity markets, rather than by explicit policy changes, according to the report Agricultural Policy: Monitoring and Evaluation 2012.
Business spending on research and development has been hit hard by the economic crisis, with nearly all OECD countries seeing a fall in investment which could impact innovation and long-term growth, according to a new OECD report.