The ITF Transport Outlook 2013 presents and discusses global scenarios concerning the development of transport volumes through 2050. The analysis highlights the impact of alternative economic growth scenarios on passenger and freight flows and the consequences of rapid urbanisation outside the OECD . Under any scenario, transport volumes grow very strongly in non-OECD regions, and curbing negative side-effects (including greenhouse gas emissions, local pollution and congestion) is a major challenge. The Outlook also discusses the challenge of establishing sustainable funding mechanisms for the transport infrastructure, emphasising the need for long run funding strategies in a context of growing global investment demand. The Outlook includes a comprehensive statistical annex.
Mr Gurría said the trade facilitation agreement at the core of the new package would cut red tape and speed border crossings worldwide, offering an important boost to world trade and the global economy. "As OECD work has highlighted, the benefits of lowering costs for traders are significant, and are particularly welcome today, given the slow growth seen in so many countries," Mr Gurría said.
OECD trade facilitation indicators identify areas for action in 133 countries and enable the potential impact of reforms to be assessed.
As the OECD's latest global economic forecast has confirmed, world trade is now growing at an extremely low rate. This brings into stark focus the need for trade negotiators at the WTO to cut a deal to bring a much-needed boost to world trade and the global economy.
Merchandise trade imports and exports in G7 and BRICS economies grew by 1.4% during the third quarter of 2013, offsetting the contractions seen in the previous quarter.
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OECD News: Trade #1 Newsletter
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Prepared for the 2013 G20 Summit in Saint Petersburg, this joint OECD-WTO-UNCTAD report analyses the functioning of global value chains and their relationship with trade and investment flows, development and jobs.
Global value chains (GVCs) have become a dominant feature of world trade and investment, offering new prospects for growth, development and jobs, according to a new joint report by the Organization for Economic Cooperation and Development (OECD), the World Trade Organization (WTO) and the United Nations Conference on Trade and Development (UNCTAD).
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.
Merchandise trade growth increased in the major economies during the first quarter of 2013. Compared to the fourth quarter of 2012, the value of merchandise imports and exports for the total of G7 and BRICS countries increased by 1.3% and 2.8%, respectively.