Trade monitoring
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Report by Ecuador
Once the effects of the international crisis of 2008-2009 had begun to subside, Ecuador’s economy entered a period of variable growth. The average annual change in its gross domestic product (GDP) during the period 2010-2014 was 5.2%, higher than the average for Latin America during the same period (3.5% according to ECLAC data). In nominal terms, the economy was worth USD 101,726 million in 2014.
Premio OMC de Ensayo para Jóvenes Economistas
Los galardonados en la séptima edición del Premio OMC de Ensayo para Jóvenes Economistas fueron Christoph Boehm, Aaron Flaaen y Nitya Pandalai-Nayar por su artículo conjunto sobre el papel que desempeñan las cadenas de suministro mundiales en la transmisión de choques de un país a otro. Los ganadores compartieron el premio, dotado con 5.000 francos suizos. El resultado del concurso se anunció el 10 de septiembre de 2015 en la Conferencia Anual del European Trade Study Group, celebrada en París.
WTO Essay Award for Young Economists
The WTO Essay Award for Young Economists was shared in 2011 by a Brazilian and an American. Economists Rafael Dix-Carneiro, a Brazilian who is based in the United States, and Kyle Handley were chosen by the Academic Selection Panel for articles on trade and labour markets and on trade policy uncertainty. They share the prize money.
Preface
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.
Streamlining South Africa’s export development efforts in sub-Saharan Africa: A Decision Support Model approach
Given its abundant natural resources and accelerating consumer-driven growth, sub-Saharan Africa has much to offer investors and traders. Yet the region remains weakly integrated into global and regional value chains, due to, among other things, geographical disadvantages, infrastructural shortcomings, high transport costs and difficult-to-access market intelligence – all of which add to the cost of trade. While not an insignificant player in international business and trade circles, South Africa is facing shrinking demand in its traditional export markets and has to plot a new economic course after decades of overreliance on commodity exports and value-added imports. This chapter looks at how a market selection tool, the Decision Support Model (DSM), can streamline the process of identifying export opportunities, particularly at an intra-regional level. Covering both products and services, and adaptable to different countries’ circumstances, the DSM simplifies market selection decisions by pinpointing both short- and longer-term business opportunities in high-potential sectors, while also exposing market access barriers that could become the focus of specific efficiency-enhancing interventions. In this way, the DSM can be a valuable aid to trade facilitation.