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On the occasion of the 4th Global Review of Aid for Trade, the OECD and the WTO, in collaboration with GrowAfrica; the International Chamber of Commerce; the International Trade Center; the International Telecommunications Union; and the United Nations World Tourism Organization, conducted a survey among the private sector to identify the barriers that suppliers in developing countries face in connecting to value chains.
The purpose of this OECD Study is to provide the aid-for-trade community with good practices in designing and introducing results frameworks for aid-for-trade projects, and programmes based on country-defined quantifiable targets and a menu of limited number of indicators to measure performance (i.e. outcomes and impacts). We have prepared case studies focusing on Bangladesh, Colombia, Ghana, Rwanda, Solomon Islands and Vietnam.
To better integrate their economies into Global Value Chains, governments need a fine-tuned understanding of their dynamics and policies, and we have made considerable progress on this front. For example, we have learned that success in international markets depends as much on the capacity to import high-quality inputs as on the capacity to export: intermediate inputs account for over 2/3 of the goods and 70% of the services we trade.
Globalisation is largely about participation in global value chains. But making the most of globalisation and successfully integrating these value-chains requires that enterprises enhance their competitiveness and raise their productivity, said Angel Gurría
We need to work more on the growing importance of services and accompanying policies to ensure inclusive growth. Efficient services regulations are a key for increasing productivity not just in the services sectors themselves, but also in the manufacturing sectors, said Angel Gurría.
English, PDF, 172kb
The Transatlantic Trade and Investment Partnership (TTIP) between the United States and the European Union, if successfully concluded, would be the most significant bilateral Free Trade Agreement (FTA) to date, covering approximately 50% of global output, almost 30% of world merchandise trade (including intra-EU trade, but excluding services trade) and 20% of global foreign direct investment.
New OECD trade data, first released in January 2013 and updated in late-May, traces the value added by each industry and each country as goods and services cross borders. The analysis offers a more complete picture of commercial relations between nations and a clearer interpretation of the changing face of global trade than more conventional indicators. Further information is available here.
Early indications for world wheat, maize and rice production in 2013 point to record levels and an overall increase in supplies in the new 2013/14 marketing season.
Global agricultural production is expected to grow 1.5% a year on average over the coming decade, compared with annual growth of 2.1% between 2003 and 2012, according to the latest OECD-FAO agricultural market projections for production, consumption, trade, stocks and prices of featured commodities.
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.