The economic outlook for Emerging Asia (Southeast Asia, China and India) remains robust over the medium term, anchored by the steady rise in domestic demand, according to a new report from the OECD Development Centre.
Country data on China
Data on government support to agriculture in the OECD area and other major economies, measured by the Producer Support Estimate (PSE) and Consumer Support Estimate.
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This report presents an update of OECD policy advice in areas that are critical to China’s long-term economic performance and social development. They include food security, social safety nets, health reform, green growth, climate change and urbanisation.
A moderate recovery is underway in the major advanced economies, according to the OECD’s latest Interim Economic Assessment. Growth is proceeding at encouraging rates in North America, Japan and the UK. The euro area as a whole is out of recession, although output remains weak in a number of countries.
Today’s signing is both timely and important as the G20 has endorsed automatic exchange of information as the new global standard. This Convention provides the ideal instrument to swiftly implement automatic exchange, and to do so with a wide range of partners. This also represents another significant step in the strengthening of collaboration between China and the OECD, said Angel Gurría.
OECD research shows that multilateral agreement to cut red tape in international trade would dramatically reduce trading costs and add a substantial boost to the global economy.
Governments must create the right enabling environment for growth and trade. We have much to learn from China in this regard. China’s agricultural reforms have played a key role in its remarkable progress in expanding production and improving domestic food security, said Angel Gurría.
The OECD Secretary-General, alongside FAO Director General, was in Beijing on 5th and 6th June 2013 to present the “OECD-FAO Agricultural Outlook 2013-2022”, at the Opening Ceremony of the 2013 World Agriculture Outlook Conference, held for the first time in China. Mr. Gurría also attended the 4th Global Forum of Leaders for Agriculture Science and Technology.