Tag Archives: Trade

The Treatment of Medical Products in Regional Trade Agreements

The WTO Secretariat has published a new report on the treatment of medical products in regional trade agreements (RTAs) amid current supply shortages caused by the COVID-19 pandemic. The report examines the extent medical products are traded among preferential partners and the difference in liberalization rates within and outside these trade agreements. The report is …
Continue reading

UNCTAD: Key Statistics and Trends in Trade Policy 2019

UNCTAD has recently launched the report “Key Statistics and Trends in Trade Policy 2019.“ With the notable exception of the increase in bilateral tariffs between the United States and China, tariffs have remained substantially stable during the last few years with tariff protection remaining a critical factor only in certain sectors in a limited number …
Continue reading

Last Interim OECD Economic Outlook – Coronavirus: the World Economy at Risk

The coronavirus presents the global economy with its greatest danger since the financial crisis, according to the OECD’s latest Interim Economic Outlook. Growth was weak but stabilising until the coronavirus Covid-19 hit. Restrictions on movement of people, goods and services, and containment measures such as factory closures have cut manufacturing and domestic demand sharply in …
Continue reading

IMF Regional Economic Outlook: Europe – November 2019

The IMF has just published the Regional Economic Outlook: Europe. Economic activity in Europe has slowed on the back of weakness in trade and manufacturing. For most of the region, the slowdown remains externally driven. However, some signs of softer domestic demand have started to appear, especially in investment. Services and domestic consumption have been …
Continue reading

World Trade Report 2019. The Future of Services Trade

The 2019 edition of the WTO’s World Trade Report highlights that services have become the most dynamic component of international trade and that its role will continue to expand in the coming decades. It stresses the need to enhance cooperation in the international community to support this expansion. The report is available from the World …
Continue reading

World Development Report 2020: Trading for Development in the Age of Global Value Chains

The World Bank has recently launched the World Development Report 2020, entitled “Trading for Development in the Age of Global Value Chains.” Global value chains (GVCs) powered the surge of international trade after 1990 and now account for almost half of all trade. This shift enabled an unprecedented economic convergence: poor countries grew rapidly and …
Continue reading

Latest Interim OECD Economic Outlook – Warning: Low Growth Ahead

The global economy has become increasingly fragile and uncertain, with growth slowing and downside risks continuing to mount, according to the OECD’s latest Interim Economic Outlook. Economic prospects are weakening for both advanced and emerging economies, and global growth could get stuck at persistently low levels without firm policy action from governments, according to the …
Continue reading