It is a pleasure to be with you in Copenhagen. This conference fits neatly with the reflection which Denmark has been leading as Chair of the 2017 OECD Ministerial Council Meeting, whose theme is making globalisation work for all.
Rules on the minimum premium for officially supported export credits agreed in November 2016 and implemented in February 2017.
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.
The Trade in Value Added initiative accounts for the double counting implicit in gross flows of trade, and measures flows related to value added in production of goods or services
People in many countries, especially advanced countries, are expressing growing discontent about globalisation. They feel that its benefits have accrued mostly to a small and already well-off segment of the population. In addition, many citizens are dissatisfied with the way economic integration has been advanced. They complain about too little transparency and too many conflicts of interests between policy makers and firms. Several of the negative effects feeding the discontent have more to do with technological change than with globalisation per se, but the two are closely intertwined. Moreover, the policies put in place to alleviate negative impacts of economic openness on some groups, industries and regions have not always worked as intended, and global rule-making has not kept up with reality. Given its many benefits, reversing economic integration is not a solution. Rather, we need to find ways to make it work for all. This report sets out what needs to be done to advance a fairer and more inclusive globalisation – at the global level, at the European level and within Germany.
English, PDF, 2,843kb
Citizens in many countries are expressing dissatisfaction with how they believe trade, technology and immigration are affecting their daily lives. While much of this discontent can be traced back to the global economic crisis, its root causes are more complex. What can be done at the Global, European and German level?
This joint OECD and World Bank Group report, presented to G20 Trade Ministers in October 2015, focuses on the challenge of making GVCs more “inclusive” by overcoming participation constraints for SMEs and facilitating access for LIDCs. Results suggest that SME participation in GVCs is mostly taking place through indirect contribution to exports (rather than through direct exports), and that a holistic approach to trade, investment and national and multilateral policy action is needed to create more inclusive GVCs.
The report highlights the importance of ensuring access to ICT networks – in particular broadband – and stimulating innovation – in particular by enhancing the ability of SMEs to manage and protect their intellectual assets. At the same, the report underscores the importance of helping small firms scale up quickly, and to better integrate in GVCs by lowering barriers to the entry, growth and exit of firms. Countries should also avoid favouring incumbents over new firms.
English, Excel, 82kb
Minimum Premium Rates (MPRs) for Category 2 and 3 Aircraft have been reset. These reset MPRs replace Table 2 a) and Table 2 b) of Appendix III of the Aircraft Sector Understanding (2007 ASU) and are applicable as of 15 April 2017.
Recent years have witnessed a constant rise in the spread of ICT (information and communication technologies) infrastructure and a growing demand for ICT goods. The production of these goods is knowledge intensive and the industry relies extensively on intellectual property (IP) rights. This strong and growing demand for ICT goods, and their IP dependence, makes them an attractive target for counterfeiters. This study looks at the trade in counterfeit ICT goods, including the size of the trade, the main sources of fake goods, and the countries whose companies are most affected.
The list of states qualifying for the Cape Town Convention discount, as agreed to date by the Participants to the ASU.