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2021: A Year in Trade in Review

2021: A Year in Review

18 December 2021 | Marion Jansen, Director Trade & Agriculture

 

2021 has been another turbulent year, with disruptions to supply chains and continued economic fall-out from the COVID-19 pandemic. However, even amidst these challenges, we have seen great progress in moving forward on some of the most pressing issues on the international trade agenda. At the OECD Trade and Agriculture Directorate, we are proud to have contributed to this progress.

At the WTO, 67 members concluded negotiations on domestic services regulation; G7 Trade Ministers agreed on new Principles for Digital Trade; and the Global Trade and Gender Arrangement welcomed its fourth member. We are very pleased to have supported these processes.

We have made direct contributions on pressing issues like trade and environment and WTO reform. With the support of our Directorate, Participants to the OECD Arrangement on Officially Supported Export Credits agreed to end support for unabated coal-fired power plants, and by doing so made a concrete contribution to COP26. Our work on subsidies, government support and the level playing field in global markets contributes to shaping the thinking on the future agenda of the trading system. 

This focus on the medium- to long-term has not stopped us from supporting our members in their day-to-day decision making. With an increased focus on granular monitoring and forward-looking intelligence on goods and services trade for OECD members and with our new online tool on how to strengthen the resilience of global supply chains, we stood and continue to stand ready to support our stakeholders in the context of new challenges.  “he OECD campaign on “no Trade, no vaccines”, underpinned by our work, showed how the decisions of policy-makers matter for lives and livelihoods.   

In the OECD Trade and Agriculture Directorate, we look forward to continuing to support a sustainable recovery with new policy insights and analysis in 2022. We begin in January with new information on export restrictions for critical minerals and an update of our Services Trade Restrictiveness Index. Until then, we wish you all a Happy Holiday Season.

 

Sincerely,

Marion Jansen
Director, OECD Trade and Agriculture

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