In the run-up to discussions on the WTO Moratorium on applying customs duties on electronic transmissions that will take place next week, here's our take on the issue. Read our lighthearted (Borgesian) blog on the Moratorium, or dive into the research with a two-page policy brief and a detailed policy paper below.
G20 international merchandise trade (in current US dollars, seasonally adjusted) continued its downward trend in the third quarter of 2019, approaching two-year lows. Compared with the second quarter of 2019, exports contracted by 0.7% and imports by 0.9%, partly reflecting a nearly 20% fall in oil prices and depreciations in most major currencies vis-à-vis the US dollar.
G20 international merchandise trade, seasonally adjusted and expressed in current US dollars, continued its downward trend in the second quarter of 2019, with exports contracting by 1.9% and imports by 0.9%.
SMEs employ more than half of all workers in OECD countries, but often face disproportionate challenges when looking to do business overseas. Smart liberalisation of services trade could help SMEs expand into new markets, making trade work better for firms of all sizes.
The “Hitchhiker’s Guide to Cross-Border Data Flows” is an indispensable companion to all those who are keen to make sense of trade in an infinitely complex and confusing digital era.
Government support remains a significant source of distortions in global markets, which can undermine the benefits of open trade and erode public trust in the international trading system.
Parcels trade is growing fast, supporting business growth and giving more options to consumers. How can policies sustain these benefits, while minimising risks of fraud and illegality ?
With the adoption of the revised Recommendation of the Council on Bribery and Officially Supported Export Credits in 2019, ECG Members and other non-Members that have adhered to the Recommendation are demonstrating their continued commitment to take appropriate measures to deter bribery in the export transactions that they support.
The global trade regulatory framework has been slow to catch up to technological developments, and emerging trade barriers risk curtailing some of the benefits of digitalisation.