Benefits of trade liberalisation

What's New

Read the guest post from EU Trade Commissioner Karel De Gucht on the OECD Insights blog discussing the economic potential of a successful TTIP deal.
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Firms need access to global sources of intermediate goods and services if they are to compete internationally. Trade policies that restrict imports of these inputs are more likely to produce firm closures and job losses – the very outcomes they were designed to prevent.
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Protectionist policies and trade-restricting measures have a negative impact on employment and growth, OECD analysis finds.
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OECD aims to create better understanding of how trade openness can best influence economies in member countries as well as in the major emerging and non-member economies.

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  ‌‌Jagdish Bhagwati on why trade still matters

Protectionism would hurt world trade and the economic recovery, says Professor Jagdish Bhagwati in this OECD interview. He also challenges the idea that trade 'takes' jobs from developed countries.


 

Publications

Export Restrictions in Raw Materials Trade

This volume brings together different strands of analysis carried out by OECD since 2009 on the use of export restrictions in the trade of raw materials. The aim is to contribute to an informed policy dialogue among countries).

» Read it online

Policy Priorities for International Trade and Jobs

How does trade in services affect jobs? Services trade is one of the areas studied in this book presenting highlights from the International Collaborative Initiative on Trade and Employment (ICITE).

» Read it online

International Trade: Free, Fair and Open?

This study argues that prosperity has rarely, if ever, been achieved or sustained without trade and that policies targeting employment, education, health and other issues are also needed to promote well-being and tackle the challenges of a globalised economy.

» Read it online

Trade and Economic Effects of 
Responses to the Economic Crisis

This report surveys 47 regional trade agreements in force with government procurement provisions where an OECD member is a party.

» Read it online


» All OECD trade books
» All OECD trade policy papers


 

Key Areas in Trade Liberalisation

Introduction to Benefits of Trade Liberalisation
All countries that have had sustained growth and prosperity have opened up their markets to trade and investment. By liberalising trade and capitalising on areas of comparative advantage, countries can benefit economically. Use of resources - land, labour, physical and human capital - should focus on what countries do best. Trade liberalisation measures should be taken on a multilateral basis and complemented by appropriate employment, labour and education policies, so that the benefits of trade can be shared.

» Learn more about the benefits of trade liberalisation

Trade in Value-Added (TiVA)
The goods and services we buy are composed of inputs from various countries around the world. However, the flows of goods and services within these global production chains are not always reflected in conventional measures of international trade. The joint OECD – WTO Trade in Value-Added (TiVA) initiative addresses this issue by considering the value added by each country in the production of goods and services that are consumed worldwide. TiVA indicators are designed to better inform policy makers by providing new insights into the commercial relations between nations.

» Read more about Trade in Value-Added

Export restrictions on raw materials
Prices for many raw materials have increased significantly over the past few years. At the same time, producer countries are making greater use of measures which raise export prices, limit export quantity or place other conditions on exports. Countries use these export restrictions as a way to increase revenue, decrease domestic prices, promote downstream processing industries or conserve natural resources.

» Access more information about export restrictions on raw materials

Regional Trade Agreements
Regional trade agreements (RTAs) cover more than half of international trade and operate alongside global multilateral agreements under the World Trade Organization (WTO). OECD analyses the services trade elements of regional trade agreements, examining how trade has been influenced and what further measures countries can take.

» Examine the relationship between services and RTAs

Services and Jobs (ICITE)
The International Collaborative Initiative on Trade and Employment (ICITE) aims to seek a better understanding of how trade interacts with employment, promote discussion on these issues and develop policy-relevant conclusions.

» Explore the issues surrounding services and jobs


Other Topics in Trade Liberalisation

Countries list

  • Afghanistan
  • Albania
  • Algeria
  • Andorra
  • Angola
  • Anguilla
  • Antigua and Barbuda
  • Argentina
  • Armenia
  • Aruba
  • Australia
  • Austria
  • Azerbaijan
  • Bahamas
  • Bahrain
  • Bangladesh
  • Barbados
  • Belarus
  • Belgium
  • Belize
  • Benin
  • Bermuda
  • Bhutan
  • Bolivia
  • Bosnia and Herzegovina
  • Botswana
  • Brazil
  • Brunei Darussalam
  • Bulgaria
  • Burkina Faso
  • Burundi
  • Cambodia
  • Cameroon
  • Canada
  • Cape Verde
  • Cayman Islands
  • Central African Republic
  • Chad
  • Chile
  • China (People’s Republic of)
  • Chinese Taipei
  • Colombia
  • Comoros
  • Congo
  • Cook Islands
  • Costa Rica
  • Croatia
  • Cuba
  • Cyprus
  • Czech Republic
  • Côte d'Ivoire
  • Democratic People's Republic of Korea
  • Democratic Republic of the Congo
  • Denmark
  • Djibouti
  • Dominica
  • Dominican Republic
  • Ecuador
  • Egypt
  • El Salvador
  • Equatorial Guinea
  • Eritrea
  • Estonia
  • Ethiopia
  • European Union
  • Faeroe Islands
  • Fiji
  • Finland
  • Former Yugoslav Republic of Macedonia (FYROM)
  • France
  • French Guiana
  • Gabon
  • Gambia
  • Georgia
  • Germany
  • Ghana
  • Gibraltar
  • Greece
  • Greenland
  • Grenada
  • Guatemala
  • Guernsey
  • Guinea
  • Guinea-Bissau
  • Guyana
  • Haiti
  • Honduras
  • Hong Kong, China
  • Hungary
  • Iceland
  • India
  • Indonesia
  • Iraq
  • Ireland
  • Islamic Republic of Iran
  • Isle of Man
  • Israel
  • Italy
  • Jamaica
  • Japan
  • Jersey
  • Jordan
  • Kazakhstan
  • Kenya
  • Kiribati
  • Korea
  • Kuwait
  • Kyrgyzstan
  • Lao People's Democratic Republic
  • Latvia
  • Lebanon
  • Lesotho
  • Liberia
  • Libya
  • Liechtenstein
  • Lithuania
  • Luxembourg
  • Macao (China)
  • Madagascar
  • Malawi
  • Malaysia
  • Maldives
  • Mali
  • Malta
  • Marshall Islands
  • Mauritania
  • Mauritius
  • Mayotte
  • Mexico
  • Micronesia (Federated States of)
  • Moldova
  • Monaco
  • Mongolia
  • Montenegro
  • Montserrat
  • Morocco
  • Mozambique
  • Myanmar
  • Namibia
  • Nauru
  • Nepal
  • Netherlands
  • Netherlands Antilles
  • New Zealand
  • Nicaragua
  • Niger
  • Nigeria
  • Niue
  • Norway
  • Oman
  • Pakistan
  • Palau
  • Palestinian Administered Areas
  • Panama
  • Papua New Guinea
  • Paraguay
  • Peru
  • Philippines
  • Poland
  • Portugal
  • Puerto Rico
  • Qatar
  • Romania
  • Russian Federation
  • Rwanda
  • Saint Helena
  • Saint Kitts and Nevis
  • Saint Lucia
  • Saint Vincent and the Grenadines
  • Samoa
  • San Marino
  • Sao Tome and Principe
  • Saudi Arabia
  • Senegal
  • Serbia
  • Serbia and Montenegro (pre-June 2006)
  • Seychelles
  • Sierra Leone
  • Singapore
  • Slovak Republic
  • Slovenia
  • Solomon Islands
  • Somalia
  • South Africa
  • South Sudan
  • Spain
  • Sri Lanka
  • Sudan
  • Suriname
  • Swaziland
  • Sweden
  • Switzerland
  • Syrian Arab Republic
  • Tajikistan
  • Tanzania
  • Thailand
  • Timor-Leste
  • Togo
  • Tokelau
  • Tonga
  • Trinidad and Tobago
  • Tunisia
  • Turkey
  • Turkmenistan
  • Turks and Caicos Islands
  • Tuvalu
  • Uganda
  • Ukraine
  • United Arab Emirates
  • United Kingdom
  • United States
  • United States Virgin Islands
  • Uruguay
  • Uzbekistan
  • Vanuatu
  • Venezuela
  • Vietnam
  • Virgin Islands (UK)
  • Wallis and Futuna Islands
  • Western Sahara
  • Yemen
  • Zambia
  • Zimbabwe
  • Topics list