G20 international merchandise trade collapsed in April 2020 but began to recover in May and June as COVID 19 containment measures eased
Trade tensions have been steadily ramping up. Brexit is rife with uncertainty and the COVID-19 pandemic has added new turbulence with lockdowns and radically changing consumer demand. But now is precisely the time when the world needs to come together on trade says Julia Nielson, Deputy Director of the OECD Trade and Agriculture Directorate.
This OECD report to the G20 Presidency aims to strengthen the foundation for further G20 discussions around data and data flows by filling some existing information gaps and mapping the different issues at stake in this debate.
Cross-border trade in parcels has played a critical role in helping people and firms deal with issues stemming from physical distancing and confinement measures implemented during COVID-19. This note discusses that role and the policies that can help ensure parcel trade can continue to be leveraged to help promote an inclusive economic recovery from COVID-19.
This brief explores the role of digital trade in helping to mitigate some of the consequences of COVID-19. It highlights how trade facilitates access to the goods and services that enable the digital transformation, and underscores the importance of digital trade and related policies in supporting economic activity and wellbeing during the crisis, as well as its role in sustaining economic recovery.
This OECD policy brief makes recommendations to governments about the use and implementation of trade facilitation measures in the context of the coronavirus (COVID-19) epidemic.
COVID-19 is a global public health crisis with implications for all aspects of life. In this context, governments are pursuing measures to address health and safety that also have implications for international trade and investment. This note addresses questions related to the impact of COVID-19 on global value chains (GVCs), focussing on economic impacts and consequences for the organisation of production networks.
Covid-19 hits G20 international merchandise trade in first quarter of 2020 as signs emerge of even sharper falls in Q2
Due to the significant impact of the Coronavirus pandemic (COVID-19) on the world economy, concerns are growing with respect to the cost and availability of trade finance. In response to these concerns, governments are turning to their export credit agencies (ECAs) to step-in and attempt to fill the financing gaps, as they did in response to the 2008-2009 financial crisis.
No single country produces efficiently all the goods it needs to fight COVID-19. Indeed, while the United States and Germany tend to specialise in the production of medical devices, China and Malaysia are most specialised in producing protective garments. This means there is strong interdependence in trade in COVID-19 goods. A country might be a top producer of one COVID-19 good, but an importer of others.