Blog post on the OECD Insights blog discussing the conclusions from the new book on Export Restrictions in Raw Materials Trade: Facts, Fallacies and Better Practices.
A little over a year ago the OECD and the World Trade Organization (WTO) launched Trade in Value-Added (TiVA), a new database on trade measured in value-added terms. The evidence that we have unlocked using TiVA has begun to revolutionise our understanding of what is happening in global trade, investment and production.
The G20 needs to go structural, social, and green! With fiscal and monetary policy room nearly exhausted, structural reforms are the best choices, sometimes the only choice. The OECD battle cry in this regard has been unchanged since 2008: “go structural!”.
Deepening economic integration via regional co-operation has emerged as a key priority in the reform strategies of most developing economies over the past decade. This is evidenced by the explosive growth in bilateral and regional trading agreements in which they now participate. Regional aid for trade can help developing countries spur regional economic integration, enhance competitiveness, and plug into regional production networks.
Based on a rich set of experiences regarding regional aid for trade projects and programmes, the study finds that regional aid for trade offers great potential as a catalyst for growth, development and poverty reduction. The study recommends greater emphasis on regional aid for trade as a means of improving regional economic integration and development prospects. While regional aid for trade faces many practical implementation challenges, experience has shown that associated problems are not insurmountable but do require thorough planning, careful project formulation, and prioritization on the part of policy makers.
English, PDF, 249kb
To help governments improve their border procedures, reduce trade costs, boost trade flows and reap greater benefits from international trade, OECD has developed a set of trade facilitation indicators.
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.
Businesses and policy makers are concerned by recent trends in export restrictions on strategic raw materials like rare earths, metals and food commodities. Through data and analysis, OECD is working to bring more transparency and discipline to the use of these restrictions.
Latest indications confirm the abundance of wheat supplies and improved production prospects for maize. The outlook for soybeans is equally positive. Although rice production prospects have been revised downward somewhat, availabilities remain ample. Against this background, international prices of AMIS crops generally weakened in September.
The OECD Trade and Agriculture Directorate will have an informational booth at this year's WTO Forum trade & people fair and will also host a panel discussion on trade and jobs.
Merchandise trade broadly stable in the second quarter of 2014, with diverging patterns across major economies