Secretary-General Gurría called for the need to agree on common international targets in areas such as innovation and green growth predicting "they could become the overarching umbrella for the G20 Framework’s structural agenda".Gurria's remarks to G20 leaders reflected the fact that the focus on structural policies will constitute the principal element of the OECD's contribution to future work on the G20 Framework Strong, Sustainable
The OECD, World Trade Organisation and the UN’s Conference of Trade and Development have called on the leaders of the G20 countries to make a stronger commitment to open trade and investment as the global economy begins its recovery from the crisis.
In his remarks for the launch of the second global review on Aid for Trade, Mr. Gurría affirmed that more and better aid for trade is particularly important in the context of the crisis as it can help to build the capacity and infrastructure developing countries need to take full advantage of freer trade. Aid for trade should also support the broader development goals we all share, focusing not only on building trade capacities but
All countries need to trade, with their neighbours and globally, to sustain long-term economic growth. Some low-income countries lack the instutitions, infrastructure to benefit from open markets and lift their people out of poverty.
Following the 108th Participants Meeting, the Participants to the Arrangement on Officially Supported Export Credits have agreed to some modifications to the rules of the Arrangement. It replaces Annex II of the Arrangement on Officially Supported Export Credits and is effective from 1 July 2009.
The current economic crisis has exposed the deficiencies of economic global governance and the risk of having a highly integrated global economy with fragmented global economic decision-making and regulation. To improve our impact, we do need stronger, more inclusive and better coordinated international organisations, warned the OECD Secretary-General.
With the global economic crisis, governments are now focused on restoring national economic and employment growth and financial stability which also poses risks for freedom of investment.
In his speech delivered at the 2009 BIAC Business Roundtable, Mr. Gurría underlined that the OECD was working hard to help countries design better and more reliable policies to underpin the credibility of a stronger and more accountable global economy. But he warned that a new economic system can only work if it’s based on a more responsible business culture that can reconcile profit-making with reducing inequalities, fostering
With world trade volumes likely to shrink by as much as 13 percent in 2009 from 2008 levels, the OECD is urging governments to avoid protectionist measures and keep markets open in order to allow economies to benefit from the recovery when it comes.
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