Implementing the WTO Trade Facilitation Agreement (TFA) could reduce worldwide trade costs by anywhere from 12.5% to 17.5%, according to new OECD analysis, with the greatest benefits accruing in developing countries.
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Policy brief detailing the findings from the 2015 OECD Trade Facilitation Indicators and the potential impact of the WTO Trade Facilitation Agreement on trade costs.
Today’s seminar provides us with an opportunity to take a deeper dive into the analysis and the policy lessons that are emerging from our collective work on GVCs – especially as relates to the challenges and opportunities for small and medium-sized enterprises, and low income countries. Our discussions today will inform a report to G20 Trade Ministers in Istanbul this October.
Many of the recent concerns about food security relate to perceived threats to current levels of food security, such as those due to price shocks or natural disasters. These threats concern the risk of food insecurity. This publication develops a risk-management tool to examine the robustness of policy responses to managing risks and uncertainty across a variety of different threats to food security, and applies the framework to an Indonesia case study.
Five risk scenarios were selected as major threats to food security in Indonesia, following a consultation process among stakeholders and policy makers, and assessed in terms of existing and alternative agricultural and social policies. The risk assessment shows that domestic economic and natural disaster scenarios are more important than global price hikes and that a policy strategy that concentrates on addressing a single source of risk, such as a price spike in international markets, may increase vulnerability to other sources of risk such as domestic crop failure. The analysis yields a number of specific policy recommendations, including targeting of social assistance programme using food vouchers or cash transfers.
May 2015 OECD trade newsletter featuring the latest analysis on developing countries and GVCs as well as localisation barriers to trade.
International trade slows sharply in first quarter of 2015
The Annual Summit of the International Transport Forum is the unique platform for a global conversation on strategies for transport in the 21st century. It took place in Leipzig, Germany from 27-29 May 2015, under the Presidency of New Zealand under the theme "Transport, Trade and Tourism".
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All raw data for the OECD's Inventory of Export Restrictions on Raw Materials
English, Excel, 1,475kb
Methodological note for the inventory of export restrictions on raw materials.
Since the return to democracy in 1999, Nigeria has embarked upon an ambitious reform programme towards greater economic openness and liberalisation. As a result, gross domestic product growth picked up consistently, never going below 5% since 2003. Nigeria has become a top recipient of foreign direct investment in Africa, with inflows having surpassed those to South Africa since 2009. The federal government’s Transformation Agenda recognises private sector development as the main engine for economic growth and includes bold investment reforms. Growth has however not yet been translated into inclusive development and the investment climate still suffers from severe challenges.
This Investment Policy Review examines Nigeria’s investment policies in light of the OECD Policy Framework for Investment (PFI), a tool to mobilise investment in support of economic growth and sustainable development. It provides an assessment and policy recommendations on different areas of the PFI: investment policy; investment promotion and facilitation; trade policy; infrastructure investment; competition; corporate governance and financial sector development. It also includes a special chapter analysing the PFI in Lagos State. The Review follows on the request addressed by the Minister of Industry, Trade and Investment of Nigeria to the OECD Secretary-General in December 2011. It has been prepared in close co-operation with the Federal Government of Nigeria and Lagos State Government.