The OECD Secretary-General spoke to the Economic Club of Minnesota about what must be done to make the trade system that has benefited so many work for everyone.
“I congratulate Prime Minister of Canada Justin Trudeau, President of the European Council Donald Tusk, and President of the European Commission Jean-Claude Juncker on the signature of the Canada-EU Comprehensive Economic Trade Agreement (CETA). The deal comes at a crucial time when slowing trade growth and low investment are contributing to the weakness of the global economy.
Thank you for your welcome, and thank you to the Washington International Trade Association for hosting today’s event. The OECD is a longstanding advocate of open markets. I am delighted to be among so many ‘‘friends of trade’’ to share the OECD’s latest data, analysis and reflections on developments in the global trade landscape.
OECD Secretary-General Angel Gurría congratulates the World Trade Organization and its members for their accomplishments at the 10th WTO Ministerial in Nairobi.
Me da mucho gusto participar en esta conferencia sobre los principales retos y oportunidades para el comercio y la inversión en América Latina. La colaboración de la OCDE con América Latina es cada día más extensa y relevante, por ello acepté de inmediato esta invitación.
This report goes deep into questions about how to strengthen the participation of small and medium-sized enterprises and low-income developing countries in global value chains.
Trade plays an important role in driving economic productivity, investment and growth, and has the potential to create better jobs, increase wages, and improve working conditions. And yet, 2014 marked the third consecutive year in which global trade volumes grew less than 3%. Trade and investment, the twin and complementary engines for reviving the world economy, are lagging behind.
This new OECD inventory puts the spotlight on almost 800 spending programmes and tax breaks that governments use to encourage the production or use of fossil fuels. These policies are found in both our member countries and in key emerging economies at national, state and provincial levels.
The scope and ambition of the Sustainable Development Goals offer a unique opportunity for ending poverty, protecting our environment, and realising sustainable development for all. What brings us together today is the belief that trade will play a critical role in making this happen. It is, therefore, my great pleasure to present the joint OECD/WTO Aid for Trade at a Glance publication, which focuses on reducing 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.