08/07/2013 - 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.
To help governments improve their border procedures, reduce trade costs, boost trade flows and reap greater benefits from international trade, the OECD has developed trade facilitation indicators that identify areas for action and allow assessment of the potential impact of reforms. OECD analysis shows that trade facilitation measures can benefit all countries in their role as exporters as well as importers, allowing better access to inputs for production and greater participation in the global value chains that characterise international trade today.
The OECD will present its latest work on trade facilitation during a seminar in Beijing on 12 July 2013 beginning at 9:00 a.m. co-organised with the Chinese Ministry of Commerce. The seminar, which is open to the media, will include discussion of the OECD indicators as well as the successes, costs, challenges and lessons learned from China’s specific experience with trade facilitation reform.
Further information on the OECD Trade Facilitation Indicators is available at: http://www.oecd.org/tad/facilitation. Journalists are invited to include this link in stories.