It is my pleasure to be in Beijing for the second 1 + 6 Roundtable Meeting, to discuss the challenges and solutions for globalisation. I would like to thank Premier Li and the Chinese government for their invitation.
This year’s Outlook focuses specifically on China and Latin America as development partners in transition. Despite their geographic distance, China and Latin America are closely connected through trade and financial ties. China is now the region’s second largest import source and third largest export destination, and the largest trading partner of Brazil, Chile and Peru.
I look forward to discussing with you how China can harness the potential of GVCs to boost global trade and deliver more sustainable, inclusive, and greener growth.
The OECD is proud to be working closely with China’s G20 Presidency towards an innovative, invigorated, interconnected and inclusive global economy. We will continue to share our multidisciplinary expertise, knowledge, tools and data to boost growth, increase investment, encourage innovation, lift employment and promote inclusiveness in the lead up to the Leaders’ Summit in Hangzhou.
Chinese, PDF, 499kb
A two-page OECD summary and analysis of the Services Trade Restrictiveness Index results for China in Mandarin Chinese.
English, PDF, 243kb
Analysis for China from OECD trade facilitation indicators that identify areas where countries can improve border procedures, reduce trade costs, boost trade flows and reap greater benefits from international trade.
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.
Production processes have become global and markets more integrated as trade costs have fallen on the back of technological progress and trade and investment policy reforms. We can no longer base policy decisions on conventional trade statistics that report the gross value of products and services each time they cross borders. Instead, we need to measure how much and where value is added, said OECD Secretary-General in Beijing.
During his visit China, Angel Gurría attended the Global Value Chains in the 21st Century conference, organised jointly by the OECD, UNCTAD, and the WTO in partnership with China's Ministry of Commerce. The Secretary-General also met with several high level representatives of the Chinese government and business.
Exchange rate levels affect trade flows in agriculture and in the manufacturing and mining sector in China, the Euro area and the United States, though they do not explain in their entirety the trade imbalances in these three economies, this paper finds.