Ministers, G20 Sherpas, international organisations and policy makers come together at the OECD to examine the progress made to date on measuring trade in value-added terms and to distill the policy implications.
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.
Trade and investment are a key source of growth and an area where the G20 can be credited with important achievements, such as the standstill and the rejection of protectionism. Further trade liberalisation can be a powerful, timely, non-debt stimulus to the world economy, said OECD Secretary-General.
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.
A wide range of stakeholders examined the progress made on measuring trade in value added terms and to extract and clarify the emerging policy implications that can be employed to stimulate strong, balanced and job-rich growth.
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Discussion note on Trade, Growth & Jobs for Meeting of G20 Ministers of Trade 19-20 April 2012, Mexico
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Given the emergence of regional and global value chains, new measures of trade in value added terms are needed to identify where income and jobs are created as goods and services cross borders multiple times. Discussion note for Meeting of G20 Ministers of Trade 19-20 April 2012, Mexico
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Open markets, complemented by properly designed employment and social policies, are essential to growth and job creation, says this joint report by the OECD, the International Labour Organization (ILO), the World Bank and the World Trade Organization (WTO).