Trade monitoring
Concluding Remarks by the Chairperson of the Trade Policy Review Body, H.E. Dr. Athaliah Lesiba Molokomme of Botswana, at the Trade Policy Review of Guyana, 2 and 4 March 2022.
The fourth Trade Policy Review of Guyana has provided us with a good opportunity to understand the trade and related policies of Guyana since its last review in 2015 and acknowledge the challenges it faces. The Review has benefitted from the constructive and informative participation of Guyana’s delegation headed by the Honourable Mr Deodat Indar Minister within the Ministry of Public Works from the insightful comments of the discussant H.E. Ambassador Usha Chandnee Dwarka-Canabady Permanent Representative of Mauritius to the WTO and from the 20 delegations that took the floor during this meeting.
Report by Guyana
Guyana welcomes this fourth round of its Trade Policy Review (TPR) by the World Trade Organization (WTO) Trade Policy Review Body. The Government of Guyana acknowledges the virtual consultations with WTO Secretariat staff during the preparations of the TPR and appreciates the valuable work undertaken under difficult circumstances due to the COVID’19 pandemic restrictions.
Trade Policy Review: Guyana 2022
“Trade Policy Reviews" analyse the trade policies and practices of each member of the WTO. The reviews consist of three parts: an independent report by the WTO Secretariat a report by the government and the concluding remarks by the Chair of the WTO’s Trade Policy Review Body. The opening section - "key trade facts" - provides a visual overview of the WTO member's major exports/imports main export destinations origins for its imports and other key data. This edition looks into the trade practices of Guyana.
Introduction
The Trade Policy Review Mechanism (TPRM) was first established on a trial basis by the GATT contracting parties in April 1989. The Mechanism became a permanent feature of the World Trade Organization under the Marrakesh Agreement which established the WTO in January 1995.
Report by the WTO Secretariat
Guyana is a relatively small economy traditionally based on mining of gold and bauxite and exportation of sugar and rice. Furthermore Guyana is now also an exporter of crude oil the result of successive major offshore discoveries beginning in 2015. In 2020 oil exports swung Guyana’s trade balance into surplus and thereby mitigated the otherwise significant negative effects of the COVID-19 pandemic on the domestic economy. GDP per capita has been rising steadily and reached nearly USD 6900 in 2020.
Report by the WTO Secretariat
The production and exportation of agricultural products are of particular importance for the Argentine economy. Argentina is one of the world’s leading exporters of soya beans and soyabean by-products maize and sunflowers. It is also a major producer and exporter of other cereals beef (bovine meat) and dairy products. Value chains have been created for soya beans maize meat sunflowers dairy products and other products which significantly contribute to GDP and employment and are major sources of foreign currency. Since Argentina’s previous review in early 2013 the production sectors linked to exports particularly agriculture have been the strongest performers. In general the external sector has continued to play an important role in the Argentine economy. Despite the contraction in exports and the economy in general during the review period exports have not only contributed to maintaining the balance of payments and preventing a further decline in GDP but have also been a significant source of public sector financing.
Introduction
The Trade Policy Review Mechanism (TPRM) was first established on a trial basis by the GATT CONTRACTING PARTIES in April 1989. The Mechanism became a permanent feature of the World Trade Organization under the Marrakesh Agreement which established the WTO in January 1995.
Report by Argentina
This trade policy review of Argentina is taking place at a time when the world is feeling the enormous impact of COVID-19 on health-related matters which has had economic trade and social repercussions throughout much of the world. This situation has greatly affected the world’s economic and trade performance particularly that of developing countries. In the case of Argentina this impact is particularly noticeable in the final stage of the period under analysis.
Prefacio
El Mecanismo de Examen de las Políticas Comerciales (MEPC) establecido a título experimental por las PARTES CONTRATANTES del GATT en abril de 1989 se ha convertido en un elemento permanente de la Organización Mundial del Comercio en virtud del Acuerdo de Marrakech por el que se estableció esta Organización en enero de 1995.
Informe de la Argentina
El presente examen de política comercial de Argentina tiene lugar en momentos en que el mundo está experimentando el enorme impacto del COVID-19 en materia sanitaria lo que ha tenido repercusiones en materia económica comercial y social en gran parte del mundo. Esta misma situación ha afectado muy especialmente el desempeño económico-comercial del mundo y muy especialmente de los Países en Desarrollo. En el caso de Argentina este impacto se percibe con fuerza en la última etapa del período bajo análisis.
Trade Policy Review: Argentina 2021
“Trade Policy Reviews" analyse the trade policies and practices of each member of the WTO. The reviews consist of three parts: an independent report by the WTO Secretariat a report by the government and the concluding remarks by the Chair of the WTO’s Trade Policy Review Body. The opening section - "key trade facts" - provides a visual overview of the WTO member's major exports/imports main export destinations origins for its imports and other key data. This edition looks into the trade practices of Argentina.
Examen de las políticas comerciales: Argentina 2021
En los "Exámenes de las Políticas Comerciales" se analizan las políticas y prácticas comerciales de cada Miembro de la OMC. Los exámenes constan de tres partes: un informe independiente elaborado por la Secretaría de la OMC un informe elaborado por el Gobierno y las observaciones a modo de conclusión formuladas por el Presidente del Órgano de Examen de las Políticas Comerciales de la OMC. En la sección inicial -"principales datos sobre el comercio"- se ofrece un resumen gráfico de las principales exportaciones/importaciones los principales destinos de exportación los orígenes de las importaciones y otros datos importantes del Miembro de la OMC. En esta edición se examinan las prácticas comerciales de Argentina.
Informe de la Secretaría de la OMC
La producción y exportación de productos agropecuarios revisten particular importancia para la economía argentina. La Argentina es uno de los principales exportadores mundiales de soja y subproductos de la soja maíz y girasol. También es un importante productor y exportador de otros cereales carne vacuna y productos lácteos. Alrededor de la soja el maíz la carne el girasol los lácteos y otros productos se han formado cadenas de valor que contribuyen de manera significativa al PIB y al empleo y son importantes generadoras de divisas. Desde el anterior examen de la Argentina a principios de 2013 los sectores productivos vinculados con la exportación particularmente la agricultura han sido los que han mostrado un mejor desempeño. En general el sector externo ha continuado desempeñando un papel importante en la economía argentina. Las exportaciones a pesar de haberse contraído como la economía en general durante el período examinado no solo han contribuido a sostener la balanza de pagos e impedir una mayor caída del PIB sino que además han constituido una importante fuente de financiamiento del sector público.
Report by the Republic of Korea
An unprecedented global pandemic and growing uncertainties across the globe have resulted in a global economic recession and contraction in trade. Against this backdrop the Republic of Korea is making bold efforts to reduce inequality and secure its growth potential while pursuing the liberalization of global trade.
Trade Policy Review: Korea, Rep. of, 2021
“Trade Policy Reviews" analyse the trade policies and practices of each member of the WTO. The reviews consist of three parts: an independent report by the WTO Secretariat a report by the government and the concluding remarks by the Chair of the WTO’s Trade Policy Review Body. The opening section - "key trade facts" - provides a visual overview of the WTO member's major exports/imports main export destinations origins for its imports and other key data. This edition looks into the trade practices of Korea Rep. of.