Talks to free up more trade and investment between the European Union and the United States got under way early in 2013. A good agreement in 2014 would be a positive thing, and not just for the EU and the US.
New international rules on state financing of rail exports will boost the development of cleaner transportation infrastructure and help countries meet green growth objectives, the OECD said.
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
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.
Responses to the Survey on Environment and Officially Supported Export Credits.
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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.