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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.
Global value chains (GVCs) have become a dominant feature of world trade and investment, offering new prospects for growth, development and jobs, according to a new joint report by the Organization for Economic Cooperation and Development (OECD), the World Trade Organization (WTO) and the United Nations Conference on Trade and Development (UNCTAD).
Trade and investment are a key source of growth and an area where the G20 can be credited with important achievements, such as the standstill and the rejection of protectionism. Further trade liberalisation can be a powerful, timely, non-debt stimulus to the world economy, said OECD Secretary-General.
OECD is contributing to AMIS, an agricultural market information system aimed at addressing food price volatility through more timely, accurate and transparent information on global food markets.
Merchandise trade growth increased in the major economies during the first quarter of 2013. Compared to the fourth quarter of 2012, the value of merchandise imports and exports for the total of G7 and BRICS countries increased by 1.3% and 2.8%, respectively.
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This paper proposes a new measure of stringency to measure the consequences of environmental regulations on investment, labour demand, and patterns of international trade that would be based on emissions data and which could be constructed separately for different pollutants.
This OECD inventory reports export taxes, prohibitions, licensing requirements and other measures by which governments regulate the export of agricultural and industrial raw materials.
OECD research shows that multilateral agreement to cut red tape in international trade would dramatically reduce trading costs and add a substantial boost to the global economy.