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The new OECD-WBG report on "Inclusive Global Value Chains: Policy options in trade and complementary areas for GVC Integration by small and medium enterprises and low-income developing countries" was presented to G20 Trade Ministers in October 2015.
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Presented to G20 Finance Ministers and Central Bank Governors in September 2015, this document provides an update on progress in cooperation on respective approaches to measures that are both macro-prudential measures (MPMs) and capital flow management measures (CFMs).
G20 Leaders are firmly committed to open trade and investment and to resisting protectionism in all its forms. They have mandated WTO, OECD and UNCTAD – the leading international organisations in the area of international trade and investment policies – to monitor policy developments and report publicly on these commitments.
This stocktaking seminar builds upon previous events and reports to successive G20 presidencies on the implications of new measures of trade in value added terms and the emergence of global value chains (TiVA-GVCs) for trade, investment and related policies.
Looking ahead to the 2016 Chinese G20 presidency, the OECD will continue to support G20 and B20 work and the priorities of the incumbent presidency by providing its tailored expertise and policy findings with an emphasis on the new, more inclusive and innovation-driven, growth model. We at the OECD remain convinced that this path of “inclusive and innovative growth” is the right way to pave the way forward with the B20 and BIAC.
Today’s seminar provides us with an opportunity to take a deeper dive into the analysis and the policy lessons that are emerging from our collective work on GVCs – especially as relates to the challenges and opportunities for small and medium-sized enterprises, and low income countries. Our discussions today will inform a report to G20 Trade Ministers in Istanbul this October.
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This report responds to a request from the G20 that the IMF and OECD assess whether further work is needed on their respective approaches to measures which are both macro-prudential and capital flow measures, taking into account their individual mandates. The report was transmitted to G20 Finance Ministers and Central Bank Governors at their meeting on 16-17 April 2015 in Washington D.C.
Statement made by the Secretary-General during the G20 Working Dinner on Trade at the Leader's Summit in Brisbane.
A little over a year ago the OECD and the World Trade Organization (WTO) launched Trade in Value-Added (TiVA), a new database on trade measured in value-added terms. The evidence that we have unlocked using TiVA has begun to revolutionise our understanding of what is happening in global trade, investment and production.
The emergence of GVCs challenges our conventional wisdom on how we look at economic globalisation and in particular, the policies that we develop around it. The OECD is preparing a broad range of work to help policy makers understand the effects of GVCs on a number of policy domains.