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New OECD trade data, first released in January 2013 and updated in late-May, traces the value added by each industry and each country as goods and services cross borders. The analysis offers a more complete picture of commercial relations between nations and a clearer interpretation of the changing face of global trade than more conventional indicators. Further information is available here.
Merchandise trade growth increased in the major economies during the first quarter of 2013. Compared to the fourth quarter of 2012, the value of merchandise imports and exports for the total of G7 and BRICS countries increased by 1.3% and 2.8%, respectively.
New trade data measured in value-added terms shows that services – such as logistics, design, and transportation - are far more important to global commerce than they appear in traditional calculations of exports and imports.
A wide range of stakeholders examined the progress made on measuring trade in value added terms and to extract and clarify the emerging policy implications that can be employed to stimulate strong, balanced and job-rich growth.
The costs of putting in place and maintaining trade facilitation measures are not particularly large and are far smaller than the benefits gained from implementing these measures, according to this study. Moreover, an increasing amount of technical and financial assistance to implement these measures has been made available to developing countries over the last decade.
The emergence of global value chains in manufacturing and services has revolutionised the way the world trades. It has also provided a valuable entry point for many developing economies into the global economy. Thanks to the combined efforts of the WTO and OECD, we now have a strong data-based understanding of these impacts, which will be vital to the design of effective trade policies.
The potential multilateralisation of government procurement commitments in regional trade agreements (RTAs) presents many issues and challenges. To what extent do RTAs go beyond the 2012 revised Agreement on Government Procurement (GPA), and how do they differ among trading partners? This report surveys 47 RTAs in force with government procurement provisions where an OECD member is a party.
The costs to implement and maintain trade facilitation measures are not large and far smaller than the benefits gained from implementing these measures, according to this study. Moreover, an increasing amount of technical and financial assistance to implement these measures has been made available to developing countries over the last decade.
International firms in developing economies tend to employ more workers and pay higher wages than firms dealing exclusively with the domestic market, according to this paper demonstrating the links between global value chains (GVCs)and labour market outcomes. Engagement in international activities provides greater opportunities for women to enter the formal employment market.
How do global value chains (GVCs) impact employment markets in developing countries? This paper reviews the literature on the subject, focusing on the labour market impacts of three processes that lie at the core of GVC development: importing, exporting, and foreign direct investment (FDI). Two case studies are presented