Trade monitoring
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Overview
Weaker demand in the developed countries limited the expansion of international trade in 2007. Consequently, world merchandise exports grew in real terms (that is, at constant prices) by only 5.5 per cent, compared with 8.5 per cent in 2006.
Trade Policy Reviews
The Trade Policy Review Body (TPRB) reviewed the trade policies and practices of 24 WTO members in 20 meetings in 2015. By the end of 2015, the TPRB had carried out 429 reviews involving 151 of the 162 WTO members.
Economic research activities
In 2013, the WTO’s Economic Research Group organized 34 events, many in collaboration with other institutions. The events included policy lectures, the second Annual Trade Workshop, co-hosted by the WTO, the World Bank and the International Monetary Fund, the launch of the WTO flagship publication, the World Trade Report 2013, and two other publications, together with a number of seminars and workshops.
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.
Conclusions
Micro firms and SMEs are heterogeneous by nature, ranging from small producers of non-tradable services to born-global suppliers of digital products, from lowproductivity farmers to producers of fine specialty crops, and from informal tailor shops to formal garment assembly factories.