"At the end of the day, this is what the G20 is about: its “raison d’être” is to show leadership and equip the global economy with an efficient framework for policy coordination. And trade in raw materials and in food commodities should be no exception to this.", said M. Gurría.
This Inventory provides reliable and comparable data on support or tax expenditures for fossil fuel production or use in OECD countries. Reforming fossil fuel subsidies can contribute to achieving economic and fiscal objectives, while also tackling environmental problems like climate change.
This report shows how aid for trade is becoming a growing priority for an increasing number of developing countries and donors; And how aid for trade is being connected to the broader development agenda, with strategies and priorities increasingly focusing on competitiveness and trade-led economic growth, said OECD Secretary-General.
Over the coming decade, higher food prices and volatility in commodity markets are here to stay. This raises concerns for economic stability and food security in some developing countries, with poor consumers most at risk of malnutrition, said OECD Secretary-General.
"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.
In his opening remarks at the agriculture ministerial meeting, Angel Gurría said that the main challenge is to define what policy makers can do to create a competitive agro-food sector capable of feeding a growing world and conserving natural resources for future generations.
Secretary-General Gurría called for the need to agree on common international targets in areas such as innovation and green growth predicting "they could become the overarching umbrella for the G20 Framework’s structural agenda".Gurria's remarks to G20 leaders reflected the fact that the focus on structural policies will constitute the principal element of the OECD's contribution to future work on the G20 Framework Strong, Sustainable
In his remarks for the launch of the second global review on Aid for Trade, Mr. Gurría affirmed that more and better aid for trade is particularly important in the context of the crisis as it can help to build the capacity and infrastructure developing countries need to take full advantage of freer trade. Aid for trade should also support the broader development goals we all share, focusing not only on building trade capacities but
The current economic crisis has exposed the deficiencies of economic global governance and the risk of having a highly integrated global economy with fragmented global economic decision-making and regulation. To improve our impact, we do need stronger, more inclusive and better coordinated international organisations, warned the OECD Secretary-General.
With the global economic crisis, governments are now focused on restoring national economic and employment growth and financial stability which also poses risks for freedom of investment.