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How can trade help developing countries reduce poverty and boost their economy? The Aid for Trade Initiative is explained in a new book that shows how it secures resources and raises awareness of the role of trade in development.
Technology, lower transport costs and trade in intermediate inputs and tasks have given countries access to additional labour and capital than what is just available within their borders. Policy makers should focus on these changing dynamics in resource bases.
Transparent design and implementation of domestic regulation reduces business costs for the public and private sector, according to these case studies from Australia, the European Union, the United Kingdom and the United States.
Access to international trade in intermediate inputs boosts innovation and productivity for domestic firms, according to this study. However, these dynamic gains from trade depend on complementary policies such as access to finance, access to skilled labour and macroeconomic stability.
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Members have updated their responses to the 2006 Survey on measures taken to combat bribery in officially supported export credits.
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Barriers to trade in services block benefits for firms and consumers, and impede the international exchange of ideas, know-how and technology. The OECD Services Trade Restrictiveness Index (STRI) gives policy makers the means to open up the international services trade.
Trade can be impeded by inefficient transport infrastructure, border procedures or information flows. Better logistics services reduce trade costs for businesses and improve the competitiveness of a country's exports, according to this study. (OECD Trade Policy Working Paper No. 108)
OECD organised an expert workshop on the implementation of Aid for Trade, with a focus on the trade dimension of the Aid for Trade Initiative.
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Businesses and policymakers are concerned by recent trends in export restrictions on strategic raw materials like rare earths, metals and food commodities. OECD is working to bring more transparency and discipline to the use of these restrictions.
"The ability of the participants to design, negotiate and conclude such a thorough, market-driven agreement in less than a year is remarkable. It is testimony to the power of the multilateral cooperation that continues to drive OECD work 50 years after its creation.", M. Gurría declared.