See also: Export restrictions on raw materials
OECD Workshop on Raw Materials
Economic impacts and policy objectives of export restrictions
30 October 2009 - OECD Conference Centre, Paris
Over the last few years prices have risen sharply for commodities such as minerals, metals and agricultural products. At the same time, restrictions on exports of raw materials are more frequently obserseved and this has drawn the attention of business and policy makers to the question of access to raw materials.
This one-day Workshop willl give participants an opportunity to learn about and discuss the factual and economic aspects of export restrictions. The focus will be on two topics: economic impacts of export restrictions and the policy rationale of such measures.
Analysis of economic impacts will cover exporting countries as well as importing countries. Export restrictions generally bring about a decrease in export volumes which potentially divert supply to the domestic market. The Workshop will also draw attention to production in the exporting countries. There are instances where countries apply export measures in order to reduce domestic production. Impacts on importing countries will be considered, such as higher import prices and diversion of sources of imports.
Another objective of this workshop is to better understand diverse policy objectives of export restrictions. Many countries have applied export restrictions to secure domestic supply of food products at low prices. Conservation of natural resources is important regarding limited resources. Promotion of downstream processing industries is another motivation. Effectiveness of export restrictions in achieving these policy objectives depends on how these measures affect product price and quantity. Hence, a discussion of economic impacts and policy rationale complements each other.
Presentations from industry representatives, academic experts and governments will serve as a starting point for a broader discussion involving all participants. Several non-OECD member countries will be invited to share their policy experiences.
SUMMARY REPORT OF THE WORKSHOP
LIST OF PARTICIPANTS new
09:00 – 09:30 Check-in at the Security Desk (Main entrance of the OECD Conference building)
09:30 – 09: 45 Welcoming remarks by Mr. Ken Ash, Director of the Trade and Agriculture Directorate, OECD
09:45 – 10:00 Keynote Speech by Ms. Signe Ratso, Director for WTO Affairs, OECD and Food-related sectors, DG TRADE, European Commission
Session 1: Economic impacts of Export restrictions (10:00 – 13:00)
Chair: Mr. Simon Evenett, Professor of Department of economics, University of St. Gallen
Export restrictions generally bring about a decrease in export volumes which has various economic impacts on domestic and foreign markets. They may divert supply to the domestic market, leading to a downward pressure on domestic prices, while possibly raising importing prices and diverting sources of imports. Impact on domestic production also draws attention, considering that many governments apply measures to reduce domestic production for either conservation or environmental purposes. Impact on international price is another interesting point since these measures, by reducing international supply, can raise the international price of the products while these measures themselves might have been triggered by high commodity price. This session focuses on these potential effects on price and quantity of the products both in exporting and importing countries.
10:00 – 12:00 Presentations from academics and business associations
Academic experts will provide economic analysis of economic restrictions covering both theoretical issues and sector-specific features of the measures. Representatives from relevant industries will complement academic presentation by displaying on-field experiences, which will provide participants with an opportunity to better understand how these measures affect relevant industries.
1. Mr. Antoine Bouet, Senior research fellow, the International Food Policy Research Institute, ("The economics of export taxation: a theoretical and CGE-approach contribution" PowerPoint presentation)
2. Mr. David Tarr, Professor of Economics at the New Economic School, Moscow, “Export restraints on Russian natural gas and raw timber: What are the economic impacts?”; PPT presentation
3. Ms. Jane Korinek, Trade analyst, the OECD Trade and Agriculture Directorate, “Export restrictions on strategic raw materials: their impact on trade and global supply” PowerPoint presentation)
4. Mr. Alan H. Price, Partner, Wiley Rein LLP, "Export barriers and global trade in Raw Materials: the steel industry experience"; PowerPoint Presentation”
5. Mr. Eduardo Lopez-Perez, Deputy director of ANIAME, Mexican association of edible oils and shortening producers, “How export restrictions affect importing countries – oilseeds products case”
6. Mr. Gordon Peeling, Chair of the BIAC Raw Materials Committee, "Economic impacts and policy objectives of export restrictions"; PowerPoint Presentation
12:00 – 13:00 Open floor discussion
Lunch Break (13:00 – 15:00)
Chair: Mr. Fernando de Mateo, Chair of the OECD Trade Committee
Session 2: Policy objectives of Export restrictions (15:00 – 17:45)
Governments apply export restrictions to achieve several policy objectives. These include domestic food safety providing key prouducts at lower prices, and social policy objectives such as the conservation of natural resources. Export taxes may also be applied in order to increase fiscal revenues. However, not all countries rely on these measures to achieve such objectives and alternative targeted measures can be applied. The effectiveness of export restrictions in achieving policy objectives depends in part on whether such measures affect the price and quantity of the product as expected. Considering the existence of alternative policy tools, the question is whether and under which conditions export restrictions are most effective in achieving policy objectives and whether the economic costs of export restrictions are higher or lower as compared to the alternatives that are available.
15: 00 – 16:10 Presentation from several governments to share policy experiences
OECD will introduce a list of policy objectives evidenced by current application of export restrictions. It will be followed by presentation from several government officials with the aim to share policy experiences. Why do several governments apply export restrictions to achieve diverse policy objectives? Why do several governments rely on alternative measures for achieving the same policy objective? Does the effectiveness of export restrictions vary depending on policy objectives aimed at? If several governments are concerned about the measures applied by other countries, what is the reason for such concern? These are the issues which we would identify by sharing policy experiences.
Speakers: policy experience of each country
Policy perspective of export restrictions, Jeonghoi Kim, Trade analyst, OECD Trade and Agriculture Directorate (Policy perspective of Export Restrictions, PPT)
1. Mr. Eduardo Tempone, Director of Economic Multilateral Relations, Ministry of Foreign Affairs and International Trade of Argentina
2. Mr. Christian Fresard, Counselor at the Permanent Mission of Chile to the WTO (Economic impacts and policy objectives of Export Restrictions: Chile's Experience)
3. Mr. Peter Klein, Acting Director, Directorate of Market Access and Industry, DG TRADE, European Commission (PowerPoint Presentation)
4. Mr. Jun Takashina, Director for Multilateral trade system department, Ministry of Economy, Trade and Industry of Japan, "Enhanced Transparency for Export Restriction of Raw Materials"
5. Mr. Ivan Prostakov, Trade policy analyst, Department of trade negotiations of the Ministry for Economic Development of the Russian Federation "The experience of the Russian Federation"
16:10 – 17:45 Open floor discussion
Closing: Joint conclusion by chairs of both sessions (17:45 – 18:00)
Jeonghoi KIM email@example.com
Marina GIACALONE firstname.lastname@example.org