Trade monitoring
Report by Cambodia
Cambodia has been classified by the United Nations as a least developed country (LDC). Its population is growing rapidly, and reached roughly 15 million in 2016, 77% of which live in rural areas, while 13.5% live below the poverty line. Cambodia maintains an open economy, and depends heavily on exports as a source of growth of gross domestic product (GDP) and employment. International trade and related investment are thus central to the Government’s efforts to raise the incomes and welfare of Cambodians. The international trading regime managed by the World Trade Organization (WTO), regional trading arrangements centered on the Association of Southeast Asian Nations (ASEAN), and the various generalized system of preferences (GSP) programs of WTO members, shape the external environment in which Cambodia pursues its development objectives.
Millennium Challenge Account support and port reforms in Benin: A trade facilitation effects analysis
Since 2006, Benin has benefited from the United States Government initiative, the Millennium Challenge Account (MCA) programme. In Benin, the main component of this programme is the Access to Markets Project, through which 61 per cent of MCA subsidies are directed towards improving port operations and infrastructures. The aim of this chapter is to assess the potential effects of these trade facilitation reforms over the project period. Based on performance indicators, this chapter shows an increase in goods traffic via the Cotonou Port Authority (CPA) by an average 13.65 per cent annually. The Granger causality test is applied to establish a relationship between aid and the time taken to process import containers, as well as the quantity of imports. The study shows that Aid for Trade (AfT) induces a significant decrease in the time taken for import container processing at CPA, by an average 6.9 per cent annually. An econometric model of importing enables support for these correlations. We estimate the model with and without an MCA grant. Findings highlight an important increase in volume of imports when MCA aid is included in the model. These results show that an MCA grant contributed to improvement in the CPA’s performance and we suggest intensification of trade facilitation reforms at the CPA.
Mensaje del Director General
La promoción de la transparencia en el comercio y las políticas comerciales y la vigilancia de las tendencias de la economía mundial son dos de las principales funciones de la Organización Mundial del Comercio. Al proporcionar información sobre la evolución del comercio y el acceso a los mercados a través de diversas publicaciones y bases de datos en línea, la OMC ofrece a los analistas y los encargados de la formulación de políticas una herramienta exhaustiva para ayudarles a entender y vigilar esa evolución.
Introduction
On 1 January 2008 the multilateral trading system will celebrate its sixtieth anniversary. The World Trade Report 2007 marks the occasion with a retrospective look at what has been learned from those six decades of international trade cooperation. It attempts to identify both what lessons are to be drawn from past experience and the nature of challenges to come. To address these issues, the report adopts an eclectic approach, drawing from the economic literature as well as from economic history, international relations or legal approaches. The objective of the report is to explore the lessons to be learned from the rich history of change and institutional adaptation of the multilateral system.
Cooperation with academic institutions
Members of the WTO’s Chairs Programme presented case studies on how reducing trade costs can boost growth at the Fifth Global Review of Aid for Trade in July and at the Public Forum in October. Chairs arranged a number of workshops and were active in several conferences during 2015. Their annual reports showed that the programme’s objectives are being met. The WTO implemented 12 activities under the Academic Support Programme, which aims to support academic institutions from developing countries that are not part of the Chairs Programme.