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Aid for Trade is helping developing countries reduce trade costs, improve competitiveness and plug into the regional and global value chains that are increasingly important to the world economy, but much more can be done, according to a new joint report from OECD and the WTO.
This paper provides an update on recent developments in the field of Regional Trade Agreements and the environment. Issues arising in the implementation of RTAs with environmental considerations are examined as well as experience in assessing their environmental impacts.
Efforts to document government support benefiting specific sectors or industries have paid scant attention to support given to the non-energy minerals sector. The issue of support for this sector is explored by way of a case study of Australia, a leading producer and exporter of minerals.
Since its launch in 2005, the Aid for Trade Initiative has helped improve the links between trade, economic growth and development. The Initiative has prompted donors to put trade issues at the centre of their development strategies, contributed to increased levels of both concessional and non-concessional financing and led the private sector to re-examine how it can make trade work for development and poverty reduction.
The 2013 report Aid for Trade at a Glance: Connecting to Value Chains analyses the strategies, priorities, and programmes from the public and private sectors in developing and developed countries to connect developing country suppliers to value chains. The publication was launched at the 8-10 July 4th Global Review of Aid for Trade at WTO in Geneva and can be read on OECD iLibrary.
On the occasion of the 4th Global Review of Aid for Trade, the OECD and the WTO, in collaboration with GrowAfrica; the International Chamber of Commerce; the International Trade Center; the International Telecommunications Union; and the United Nations World Tourism Organization, conducted a survey among the private sector to identify the barriers that suppliers in developing countries face in connecting to value chains.
To better integrate their economies into Global Value Chains, governments need a fine-tuned understanding of their dynamics and policies, and we have made considerable progress on this front. For example, we have learned that success in international markets depends as much on the capacity to import high-quality inputs as on the capacity to export: intermediate inputs account for over 2/3 of the goods and 70% of the services we trade.
Globalisation is largely about participation in global value chains. But making the most of globalisation and successfully integrating these value-chains requires that enterprises enhance their competitiveness and raise their productivity, said Angel Gurría
We need to work more on the growing importance of services and accompanying policies to ensure inclusive growth. Efficient services regulations are a key for increasing productivity not just in the services sectors themselves, but also in the manufacturing sectors, said Angel Gurría.
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The Transatlantic Trade and Investment Partnership (TTIP) between the United States and the European Union, if successfully concluded, would be the most significant bilateral Free Trade Agreement (FTA) to date, covering approximately 50% of global output, almost 30% of world merchandise trade (including intra-EU trade, but excluding services trade) and 20% of global foreign direct investment.