In a highly integrated and interdependent global economy, trade liberalisation is essential to foster competition, innovation and development. The rising importance of Global Value Chains is clear proof of how many countries can benefit from the creation, production and export of a given product, said OECD Secretary-General.
This new Database, including preliminary data for 40 countries, can play an important role in understanding better what is going on in global trade, investment and production patterns, and in helping us to improve our policies, said OECD Secretary-General
OECD Secretary-General Angel Gurría delivers remarks at the G20 Trade and Investment Promotion Summit held in Mexico City.
Mr. Angel Gurría discusses upcoming trade issues at a Trade Policy Luncheon Discussion “Standstill in the Doha Round - are bilateral free-trade agreements a way out of the dead-end?” in Berlin, focusing on the need for trade openness, accompanied by appropriate active labour market and social protection policies.
"At the end of the day, this is what the G20 is about: its “raison d’être” is to show leadership and equip the global economy with an efficient framework for policy coordination. And trade in raw materials and in food commodities should be no exception to this.", said M. Gurría.
This Inventory provides reliable and comparable data on support or tax expenditures for fossil fuel production or use in OECD countries. Reforming fossil fuel subsidies can contribute to achieving economic and fiscal objectives, while also tackling environmental problems like climate change.
This report shows how aid for trade is becoming a growing priority for an increasing number of developing countries and donors; And how aid for trade is being connected to the broader development agenda, with strategies and priorities increasingly focusing on competitiveness and trade-led economic growth, said OECD Secretary-General.
Over the coming decade, higher food prices and volatility in commodity markets are here to stay. This raises concerns for economic stability and food security in some developing countries, with poor consumers most at risk of malnutrition, said OECD Secretary-General.
"The ability of the participants to design, negotiate and conclude such a thorough, market-driven agreement in less than a year is remarkable. It is testimony to the power of the multilateral cooperation that continues to drive OECD work 50 years after its creation.", M. Gurría declared.
In his opening remarks at the agriculture ministerial meeting, Angel Gurría said that the main challenge is to define what policy makers can do to create a competitive agro-food sector capable of feeding a growing world and conserving natural resources for future generations.