Trade monitoring
Concluding remarks by the Chairperson of the Trade Policy Review Body
The EU is a large, open economy with a GDP of €14,711 billion and a total population of 508 million. Trade is very important to the economy, with exports and imports of goods valued at €3,518 billion and services at €1,517 billion. The EU has competence over the customs union and commercial policy. There is free movement of goods, capital, and labour within the EU, and 19 of the 28 member States share a common currency. Since the last Trade Policy Review of the EU in 2015, the EU economy continued to grow, but trade and economic developments varied considerably from one member State to another.
Trade in global value chains: Key developments: A snapshot
China is the leading player in the production of office and telecom equipment, which represents 26.9 per cent of its total merchandise exports. This equates to 34 per cent of world exports of office and telecom equipment, compared with a share of 4.5 per cent in 2000.
Report by China
Since the last trade policy review in 2010, in the face of the complex and volatile external environment and new circumstances and developments in economic situations at home, the Chinese Government, centered on the goal of maintaining strong, sustainable and balanced growth, has accelerated the transformation of economic development pattern, stepped up efforts to expand domestic demand, promoted structural adjustment, and continued deepening the reform and expanding opening up. The national economy continued to develop at a rapid yet steady pace, making important contributions to the world economic recovery and development.
Trade in commercial services: Key developments in 2013: A snapshot
Almost all service sectors grew in 2013. Financial services, which had suffered the sharpest decline in 2012, bounced back with an increase in exports of 9 per cent. Exports of computer and information services rose by 10 per cent, twice as high as their growth rate in 2012. Communications services, including telecoms, grew by 9 per cent.
Prólogo del Director General de la OMC
La historia del progreso económico es la historia del cambio económico. Es una historia de apogeo y decadencia de industrias enteras, como resultado de la aparición de nuevas ideas e innovaciones que requieren competencias nuevas. Este incesante proceso de transformación ha configurado la economía mundial actual, proporcionando más prosperidad a miles de millones de personas en todo el mundo y convirtiendo la capacidad de ajuste y adaptación en un elemento esencial del éxito económico. Ahora, como ya sucediera en el pasado, las personas, las empresas y las sociedades se esfuerzan por responder a la rápida evolución de las condiciones económicas a fin de asegurar su participación en los beneficios. Lo que es diferente hoy en día es la notable velocidad con que se están produciendo estos cambios.
The incidence of subsidies
This Section provides an overview of the use of subsidies both at the global level and at different levels of geographical and sectoral disaggregation. Given the quantity and quality of the available data it is not possible to provide a comprehensive and systematic picture of the incidence of subsidies.