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Merchandise trade grew moderately in most major economies in the first quarter of 2012. Total imports and exports of G7 and BRICS grew by 1.0% and 0.6% respectively.
If you want to export, you have to import, explains this OECD Insights blog post on the benefits of open markets. Trade has a positive effect on employment, wages and even working conditions, while protectionism protects no one.
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Over the course of the last half century, the global expansion of trade has reshaped the world economy. Trade opening has enabled economies to reap the benefits of specialisation and focus more productively on what they do best, through the sectors where they demonstrate comparative advantage.
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Trade, including its more novel facets such as global services outsourcing and production off-shoring, plays a pivotal role in boosting growth and creating high-value high-pay jobs.
Governments that foster open markets and resist protectionism have the best chance of stimulating inclusive economic growth and creating high-value jobs, according to a new study from 10 international organisations presented in Paris.
We must improve mobility policies, foster energy technology and innovation and we must go seamless to improve efficiency and connectivity of transport. It is time to act now, to design, promote and put in place better transport policies for better lives!
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In accordance with Article 37 a) 3) of the 2007 Aircraft Sector Understanding on Export Credits for Civil Aircraft (the ASU), the Participants to the ASU have agreed to new 2011 minimum premium rates for category 2 and Category 3 aircraft transaction.
What incentives do our partners have to open their markets to our businesses when their own businesses have full access to ours? EU commissioners Karel De Gucht and Michel Barnier give the example of the European Union's new public procurement instrument.
International trade produces income gains, but increased trade exposure also creates some challenges that require complementary policies to maximise the benefits of trade. This paper looks at how Australia has dealt with these issues in recent years.
The 2012 edition of OECD Input-Output Database is available. Tables consist of matrices of inter-industrial transaction flows of goods and services (domestically produced and imported) in current prices, for all OECD countries (except Iceland) and 15 non-member countries.