The global trade in fake goods, from cosmetics to car parts, is costing the UK economy billions of dollars a year in forgone company sales, overpriced products and tax revenues, and was behind more than 86,000 lost jobs in 2016, according to a new OECD report.
Despite these glimmerings of hope, the multilateral system is under strain and governments around the world are facing a public backlash against globalisation, open markets and trade. This is partly due to a lack of trust in the international system and partly because the benefits of globalisation have not been evenly distributed across all peoples and regions.
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Analysis for the United Kingdom (UK) from OECD trade facilitation indicators that identify areas where countries can improve border procedures, reduce trade costs, boost trade flows and reap greater benefits from international trade.
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This report on Enhancing Market Openness through Regulatory Reform analyses the institutional set-up and use of policy instruments in the United Kingdom. It also includes the country-specific policy recommendations developed by the OECD during th...